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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 105 · 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 handmade card costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹27 to make and Vihaan sells it for ₹54. What is the markup in percent?
  3. 3.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  4. 4.One clay diya costs ₹26 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹44 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  7. 7.One paper bookmark costs ₹28 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One friendship band costs ₹60 to make and Joseph sells it for ₹72. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  10. 10.One painted pebble costs ₹30 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs ₹20 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  13. 13.One cup of lemonade costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹32 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  16. 16.One paper bookmark costs ₹14 to make and Rohan sells it for ₹28. What is the markup in percent?
  17. 17.One glass of chai costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One fruit cup costs ₹35 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹56 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  20. 20.One friendship band costs ₹27 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹44 to make and Tara sells it for ₹55. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹55 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One cup of lemonade costs ₹20 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹60 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹20 to make and Kavya sells it for ₹24. What is the markup in percent?
  26. 26.One painted pebble costs ₹60 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  27. 27.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) copy a rival (d) cost + a markup
  28. 28.One cup of lemonade costs ₹36 to make and Gurpreet sells it for ₹45. What is the markup in percent?
  29. 29.One potted plant costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  31. 31.One handmade card costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹28 to make and Tara sells it for ₹35. What is the markup in percent?
  33. 33.One fruit cup costs ₹45 to make and Diya sells it for ₹90. What is the markup in percent?
  34. 34.One clay diya costs ₹56 to make and Diya sells it for ₹70. What is the markup in percent?
  35. 35.One handmade card costs ₹38 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One potted plant costs ₹33 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹60 to make and Saanvi sells it for ₹72. What is the markup in percent?
  38. 38.One paper bookmark costs ₹32 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹58 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One bag of popcorn costs ₹56 to make and Rohan sells it for ₹84. What is the markup in percent?

Answer key

  1. 6
  2. 100
  3. a loss
  4. 13
  5. 11
  6. 20
  7. 35
  8. 20
  9. 10 rupees
  10. 15
  11. 24
  12. what buyers will pay
  13. 33
  14. 64
  15. 10
  16. 100
  17. 12
  18. 7
  19. 28
  20. 54
  21. 25
  22. 66
  23. 20
  24. 15
  25. 20
  26. 66
  27. cost + a markup
  28. 25
  29. 66
  30. 10
  31. 4
  32. 25
  33. 100
  34. 25
  35. 57
  36. 66
  37. 20
  38. 32
  39. 87
  40. 50

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