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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 247 · 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 ₹10 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹14 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹16 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹10 to make and Kabir sells it for ₹15. What is the markup in percent?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  6. 6.One glass of chai costs ₹36 to make and Meera sells it for ₹54. What is the markup in percent?
  7. 7.One clay diya costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.One cup of lemonade costs ₹43 to make and Riya sells it for ₹86. What is the markup in percent?
  9. 9.One paper bookmark costs ₹42 to make. Dev adds a 50% markup. What is the profit on one (in ₹)?
  10. 10.One cupcake costs ₹12 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹24 to make and Kabir sells it for ₹36. What is the markup in percent?
  12. 12.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  13. 13.One clay diya costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?
  14. 14.One clay diya costs ₹35 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹41 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹24 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One bag of popcorn costs ₹28 to make and Tara sells it for ₹35. What is the markup in percent?
  19. 19.One potted plant costs ₹30 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One handmade card costs ₹38 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  22. 22.One jute bag costs ₹10 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹60 to make and Rohan sells it for ₹90. What is the markup in percent?
  24. 24.One jute bag costs ₹22 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One bag of popcorn costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹45 to make and Meera sells it for ₹54. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹36 to make and Vihaan sells it for ₹72. What is the markup in percent?
  28. 28.One painted pebble costs ₹12 to make and Farhan sells it for ₹15. What is the markup in percent?
  29. 29.One fruit cup costs ₹60 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹28 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹11 to make and Kavya sells it for ₹22. What is the markup in percent?
  32. 32.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  33. 33.One clay diya costs ₹60 to make and Kabir sells it for ₹72. What is the markup in percent?
  34. 34.One potted plant costs ₹32 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹56 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One fruit cup costs ₹50 to make and Zoya sells it for ₹75. What is the markup in percent?
  38. 38.One painted pebble costs ₹36 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹58 to make and Ananya sells it for ₹87. What is the markup in percent?
  40. 40.One painted pebble costs ₹28 to make and Nisha sells it for ₹42. What is the markup in percent?

Answer key

  1. 5
  2. 7
  3. 20
  4. 50
  5. 10 rupees
  6. 50
  7. 6
  8. 100
  9. 21
  10. 3
  11. 50
  12. what buyers will pay
  13. 25
  14. 42
  15. 33
  16. 41
  17. 36
  18. 25
  19. 36
  20. 57
  21. a loss
  22. 5
  23. 50
  24. 11
  25. 2
  26. 20
  27. 100
  28. 25
  29. 6
  30. 42
  31. 100
  32. cost + a markup
  33. 20
  34. 40
  35. 84
  36. 20
  37. 50
  38. 54
  39. 50
  40. 50

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