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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 997 · 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 ₹48 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One potted plant costs ₹32 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹24 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹56 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One glass of chai costs ₹50 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One glass of chai costs ₹36 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  8. 8.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  9. 9.One painted pebble costs ₹32 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  11. 11.One handmade card costs ₹17 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One clay diya costs ₹32 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One cup of lemonade costs ₹16 to make and Zoya sells it for ₹32. What is the markup in percent?
  15. 15.One potted plant costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One jute bag costs ₹44 to make and Rohan sells it for ₹55. What is the markup in percent?
  17. 17.One painted pebble costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  18. 18.One clay diya costs ₹44 to make and Joseph sells it for ₹55. What is the markup in percent?
  19. 19.One fruit cup costs ₹10 to make and Riya sells it for ₹20. What is the markup in percent?
  20. 20.One paper bookmark costs ₹50 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹60 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  22. 22.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  23. 23.One jute bag costs ₹35 to make and Farhan sells it for ₹42. What is the markup in percent?
  24. 24.One handmade card costs ₹51 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹48 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  26. 26.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  27. 27.One fruit cup costs ₹22 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹12 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹20 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹55 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹24 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹10 to make and Tara sells it for ₹12. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  36. 36.One potted plant costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One jute bag costs ₹38 to make and Ishaan sells it for ₹57. What is the markup in percent?
  40. 40.One handmade card costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?

Answer key

  1. 48
  2. 40
  3. 30
  4. 70
  5. 55
  6. 54
  7. 10 rupees
  8. what buyers will pay
  9. 48
  10. 25
  11. 17
  12. 66
  13. 40
  14. 100
  15. 3
  16. 25
  17. 20
  18. 25
  19. 100
  20. 100
  21. 90
  22. cost + a markup
  23. 20
  24. 102
  25. 50
  26. a loss
  27. 33
  28. 15
  29. 30
  30. 55
  31. 12
  32. 20
  33. 22
  34. 36
  35. 20
  36. 55
  37. 5
  38. 55
  39. 50
  40. 10

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