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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 112 · 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 jute bag costs ₹25 to make and Meera sells it for ₹30. What is the markup in percent?
  2. 2.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  3. 3.One cup of lemonade costs ₹28 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹20 to make and Joseph sells it for ₹30. What is the markup in percent?
  5. 5.One glass of chai costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  7. 7.One paper bookmark costs ₹16 to make and Gurpreet sells it for ₹24. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  9. 9.One cup of lemonade costs ₹30 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One painted pebble costs ₹10 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One painted pebble costs ₹60 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹15 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹28 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One painted pebble costs ₹46 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  19. 19.One jute bag costs ₹15 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One handmade card costs ₹43 to make and Meera sells it for ₹86. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹35 to make and Gurpreet sells it for ₹70. What is the markup in percent?
  22. 22.One fruit cup costs ₹26 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹52 to make and Meera sells it for ₹65. What is the markup in percent?
  24. 24.One paper bookmark costs ₹42 to make and Nisha sells it for ₹84. What is the markup in percent?
  25. 25.One jute bag costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹25 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  30. 30.One fruit cup costs ₹14 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One paper bookmark costs ₹55 to make and Joseph sells it for ₹66. What is the markup in percent?
  32. 32.One cupcake costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One fruit cup costs ₹12 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹60 to make and Arjun sells it for ₹75. What is the markup in percent?
  35. 35.One painted pebble costs ₹48 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  36. 36.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  37. 37.One cupcake costs ₹38 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹60 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹46 to make and Kavya sells it for ₹92. What is the markup in percent?
  40. 40.One glass of chai costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 20
  2. 10 rupees
  3. 35
  4. 50
  5. 5
  6. 25
  7. 50
  8. a loss
  9. 36
  10. 11
  11. 72
  12. 4
  13. 22
  14. 18
  15. 20
  16. 35
  17. 23
  18. cost + a markup
  19. 3
  20. 100
  21. 100
  22. 52
  23. 25
  24. 100
  25. 18
  26. 42
  27. 5
  28. 2
  29. 10
  30. 21
  31. 20
  32. 55
  33. 3
  34. 25
  35. 60
  36. what buyers will pay
  37. 19
  38. 15
  39. 100
  40. 2

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