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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 11 · 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 ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  4. 4.One handmade card costs ₹32 to make and Kavya sells it for ₹64. What is the markup in percent?
  5. 5.One cup of lemonade costs ₹33 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  8. 8.One paper bookmark costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One potted plant costs ₹30 to make and Riya sells it for ₹45. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  11. 11.One glass of chai costs ₹30 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹41 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  13. 13.One bag of popcorn costs ₹40 to make and Arjun sells it for ₹48. What is the markup in percent?
  14. 14.One cup of lemonade costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹31 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹12 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹48 to make and Aarav sells it for ₹72. What is the markup in percent?
  18. 18.One friendship band costs ₹30 to make and Kavya sells it for ₹36. What is the markup in percent?
  19. 19.One friendship band costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  20. 20.One painted pebble costs ₹45 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One cupcake costs ₹48 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹16 to make and Kavya sells it for ₹24. What is the markup in percent?
  23. 23.One handmade card costs ₹36 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹20 to make and Kabir sells it for ₹25. What is the markup in percent?
  25. 25.One clay diya costs ₹60 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹12 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  29. 29.One potted plant costs ₹46 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹30 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  32. 32.One potted plant costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  33. 33.One potted plant costs ₹24 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹44 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One clay diya costs ₹58 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹56 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹45 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 18
  2. 10
  3. a loss
  4. 100
  5. 33
  6. 10
  7. what buyers will pay
  8. 55
  9. 50
  10. cost + a markup
  11. 3
  12. 82
  13. 20
  14. 4
  15. 62
  16. 3
  17. 50
  18. 20
  19. 10
  20. 54
  21. 72
  22. 50
  23. 72
  24. 25
  25. 15
  26. 2
  27. 12
  28. 10
  29. 92
  30. 15
  31. 10
  32. 10
  33. 12
  34. 44
  35. 44
  36. 58
  37. 5
  38. 1
  39. 84
  40. 9

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