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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 99 · 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 ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹50 to make and Ananya sells it for ₹60. What is the markup in percent?
  3. 3.One clay diya costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  4. 4.One handmade card costs ₹26 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  6. 6.One cupcake costs ₹60 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹36 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One painted pebble costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹32 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹44 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One friendship band costs ₹24 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  13. 13.One glass of chai costs ₹50 to make and Tara sells it for ₹75. What is the markup in percent?
  14. 14.One friendship band costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  15. 15.One paper bookmark costs ₹20 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹15 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹15 to make and Meera sells it for ₹30. What is the markup in percent?
  18. 18.One clay diya costs ₹60 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  19. 19.One painted pebble costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  21. 21.One handmade card costs ₹58 to make and Tara sells it for ₹87. What is the markup in percent?
  22. 22.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  23. 23.One potted plant costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  24. 24.One jute bag costs ₹10 to make and Tara sells it for ₹12. What is the markup in percent?
  25. 25.One paper bookmark costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One paper bookmark costs ₹56 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹14 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One jute bag costs ₹12 to make and Saanvi sells it for ₹18. What is the markup in percent?
  29. 29.One jute bag costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  30. 30.One clay diya costs ₹12 to make and Ishaan sells it for ₹24. What is the markup in percent?
  31. 31.One friendship band costs ₹35 to make and Meera sells it for ₹42. What is the markup in percent?
  32. 32.One potted plant costs ₹24 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹49 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One friendship band costs ₹21 to make and Ananya sells it for ₹42. What is the markup in percent?
  36. 36.One handmade card costs ₹55 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹16 to make and Diya sells it for ₹32. What is the markup in percent?
  38. 38.One glass of chai costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹22 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 11
  2. 20
  3. 20
  4. 26
  5. what buyers will pay
  6. 6
  7. 9
  8. 22
  9. 40
  10. 55
  11. 6
  12. 10 rupees
  13. 50
  14. 10
  15. 22
  16. 18
  17. 100
  18. 75
  19. 22
  20. cost + a markup
  21. 50
  22. a loss
  23. 10
  24. 20
  25. 50
  26. 84
  27. 7
  28. 50
  29. 20
  30. 100
  31. 20
  32. 30
  33. 49
  34. 13
  35. 100
  36. 66
  37. 100
  38. 12
  39. 50
  40. 55

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