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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 864 · 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 clay diya costs ₹42 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One cupcake costs ₹24 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹48 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  6. 6.One cupcake costs ₹55 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?
  8. 8.One glass of chai costs ₹22 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹51 to make and Arjun sells it for ₹102. What is the markup in percent?
  10. 10.One fruit cup costs ₹35 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹50 to make and Gurpreet sells it for ₹75. What is the markup in percent?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  13. 13.One potted plant costs ₹30 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One handmade card costs ₹24 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One glass of chai costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹57 to make and Tara sells it for ₹114. What is the markup in percent?
  18. 18.One potted plant costs ₹51 to make and Kavya sells it for ₹102. What is the markup in percent?
  19. 19.One friendship band costs ₹14 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One potted plant costs ₹13 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹60 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One cupcake costs ₹11 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  23. 23.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  24. 24.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  25. 25.One fruit cup costs ₹60 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  27. 27.One glass of chai costs ₹30 to make and Kabir sells it for ₹36. What is the markup in percent?
  28. 28.One paper bookmark costs ₹32 to make and Meera sells it for ₹48. What is the markup in percent?
  29. 29.One cup of lemonade costs ₹44 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One painted pebble costs ₹25 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One potted plant costs ₹20 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹40 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹38 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹10 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹16 to make and Diya sells it for ₹20. What is the markup in percent?
  37. 37.One fruit cup costs ₹24 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹51 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  40. 40.One clay diya costs ₹36 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 21
  2. 11
  3. 30
  4. 12
  5. a loss
  6. 11
  7. 50
  8. 22
  9. 100
  10. 42
  11. 50
  12. 10 rupees
  13. 6
  14. 30
  15. 33
  16. 5
  17. 100
  18. 100
  19. 7
  20. 13
  21. 75
  22. 22
  23. what buyers will pay
  24. cost + a markup
  25. 72
  26. 10
  27. 20
  28. 50
  29. 66
  30. 66
  31. 25
  32. 22
  33. 10
  34. 19
  35. 12
  36. 25
  37. 48
  38. 51
  39. 20
  40. 54

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