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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 874 · 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 ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  2. 2.One friendship band costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  3. 3.One jute bag costs ₹20 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹16 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹60 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹36 to make and Meera sells it for ₹54. What is the markup in percent?
  7. 7.One bag of popcorn costs ₹26 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹26 to make and Kabir sells it for ₹52. What is the markup in percent?
  11. 11.One cupcake costs ₹36 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  12. 12.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  13. 13.One fruit cup costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  14. 14.One friendship band costs ₹52 to make and Dev sells it for ₹78. What is the markup in percent?
  15. 15.One jute bag costs ₹56 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One handmade card costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹38 to make and Vihaan sells it for ₹76. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  19. 19.One friendship band costs ₹58 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹43 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  22. 22.One cup of lemonade costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One cup of lemonade costs ₹60 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One cup of lemonade costs ₹12 to make and Aarav sells it for ₹18. What is the markup in percent?
  25. 25.One fruit cup costs ₹10 to make and Ananya sells it for ₹15. What is the markup in percent?
  26. 26.One paper bookmark costs ₹48 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  28. 28.One fruit cup costs ₹20 to make and Meera sells it for ₹30. What is the markup in percent?
  29. 29.One clay diya costs ₹20 to make and Arjun sells it for ₹24. What is the markup in percent?
  30. 30.One friendship band costs ₹30 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹32 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One friendship band costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One glass of chai costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹28 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹20 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹36 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  38. 38.One painted pebble costs ₹11 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹50 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 10
  2. 10
  3. 22
  4. 24
  5. 12
  6. 50
  7. 39
  8. 4
  9. 4
  10. 100
  11. 54
  12. cost + a markup
  13. 10
  14. 50
  15. 70
  16. 10
  17. 100
  18. 25
  19. 58
  20. 43
  21. a loss
  22. 3
  23. 6
  24. 50
  25. 50
  26. 72
  27. 10 rupees
  28. 50
  29. 20
  30. 45
  31. 64
  32. 30
  33. 11
  34. 42
  35. 20
  36. 9
  37. what buyers will pay
  38. 22
  39. 10
  40. 24

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