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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 839 · 40 questions
TalentJR

Business tip (Cost plus a fair markup): Markup (profit on one) = cost × percent ÷ 100. Selling price = cost + markup. Markup percent = (selling price − cost) × 100 ÷ cost. Check the price against what buyers will pay.

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  1. 1.One painted pebble costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹46 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹48 to make and Farhan sells it for ₹60. What is the markup in percent?
  4. 4.One handmade card costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  6. 6.One friendship band costs ₹48 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  9. 9.One friendship band costs ₹32 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹30 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹45 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹52 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹51 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹20 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹50 to make and Ananya sells it for ₹55. What is the markup in percent?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  18. 18.One glass of chai costs ₹14 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹60 to make and Ishaan sells it for ₹75. What is the markup in percent?
  20. 20.One fruit cup costs ₹10 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹53 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹30 to make and Farhan sells it for ₹36. What is the markup in percent?
  23. 23.One bag of popcorn costs ₹58 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  26. 26.One paper bookmark costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹60 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹44 to make and Vihaan sells it for ₹55. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹42 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹32 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹53 to make and Ishaan sells it for ₹106. What is the markup in percent?
  32. 32.One glass of chai costs ₹60 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One cupcake costs ₹18 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹40 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹30 to make and Ananya sells it for ₹33. What is the markup in percent?
  36. 36.One handmade card costs ₹40 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹38 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹60 to make and Ananya sells it for ₹66. What is the markup in percent?
  39. 39.One bag of popcorn costs ₹56 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹58 to make. Diya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 1
  2. 69
  3. 25
  4. 10
  5. a loss
  6. 24
  7. 6
  8. cost + a markup
  9. 64
  10. 36
  11. 22
  12. 54
  13. 78
  14. 102
  15. 25
  16. 10
  17. 10 rupees
  18. 14
  19. 25
  20. 2
  21. 53
  22. 20
  23. 29
  24. 6
  25. what buyers will pay
  26. 2
  27. 30
  28. 25
  29. 84
  30. 40
  31. 100
  32. 12
  33. 9
  34. 48
  35. 10
  36. 80
  37. 76
  38. 10
  39. 56
  40. 87

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