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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 897 · 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 glass of chai costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  3. 3.One cupcake costs ₹14 to make and Lakshmi sells it for ₹21. What is the markup in percent?
  4. 4.One jute bag costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  6. 6.One clay diya costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One friendship band costs ₹28 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹40 to make and Arjun sells it for ₹50. What is the markup in percent?
  9. 9.One jute bag costs ₹50 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One bag of popcorn costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  11. 11.One paper bookmark costs ₹30 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  13. 13.One jute bag costs ₹49 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹52 to make and Diya sells it for ₹65. What is the markup in percent?
  15. 15.One painted pebble costs ₹60 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One friendship band costs ₹40 to make and Ananya sells it for ₹48. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹44 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹44 to make and Kabir sells it for ₹88. What is the markup in percent?
  19. 19.One fruit cup costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  20. 20.One jute bag costs ₹28 to make and Gurpreet sells it for ₹56. What is the markup in percent?
  21. 21.One clay diya costs ₹24 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹42 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹40 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  25. 25.One paper bookmark costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹30 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹47 to make and Diya sells it for ₹94. What is the markup in percent?
  28. 28.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  29. 29.One glass of chai costs ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?
  30. 30.One clay diya costs ₹57 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One potted plant costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  32. 32.One glass of chai costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹57 to make and Arjun sells it for ₹114. What is the markup in percent?
  34. 34.One paper bookmark costs ₹38 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹48 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹40 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹40 to make and Aarav sells it for ₹48. What is the markup in percent?
  38. 38.One clay diya costs ₹27 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹41 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One friendship band costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 44
  2. what buyers will pay
  3. 50
  4. 10
  5. 10
  6. 54
  7. 28
  8. 25
  9. 10
  10. 10
  11. 3
  12. a loss
  13. 98
  14. 25
  15. 12
  16. 20
  17. 11
  18. 100
  19. 20
  20. 100
  21. 6
  22. 63
  23. 44
  24. 10 rupees
  25. 36
  26. 36
  27. 100
  28. cost + a markup
  29. 20
  30. 57
  31. 10
  32. 4
  33. 100
  34. 57
  35. 60
  36. 20
  37. 20
  38. 54
  39. 82
  40. 22

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