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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 27 · 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 fruit cup costs ₹40 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  3. 3.One glass of chai costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  4. 4.One handmade card costs ₹10 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  6. 6.One cupcake costs ₹26 to make and Lakshmi sells it for ₹39. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  8. 8.One handmade card costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One paper bookmark costs ₹25 to make and Kavya sells it for ₹50. What is the markup in percent?
  10. 10.One jute bag costs ₹36 to make and Tara sells it for ₹72. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  12. 12.One painted pebble costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹30 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹20 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹10 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  18. 18.One potted plant costs ₹20 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹55 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹40 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹60 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹55 to make and Ishaan sells it for ₹110. What is the markup in percent?
  24. 24.One potted plant costs ₹59 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹14 to make and Farhan sells it for ₹21. What is the markup in percent?
  26. 26.One fruit cup costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹60 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹10 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹20 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹56 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  32. 32.One painted pebble costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹60 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One jute bag costs ₹60 to make and Arjun sells it for ₹66. What is the markup in percent?
  35. 35.One handmade card costs ₹44 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹10 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  38. 38.One painted pebble costs ₹11 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹18 to make and Meera sells it for ₹27. What is the markup in percent?
  40. 40.One potted plant costs ₹26 to make and Riya sells it for ₹39. What is the markup in percent?

Answer key

  1. 48
  2. what buyers will pay
  3. 10
  4. 1
  5. 10 rupees
  6. 50
  7. 25
  8. 50
  9. 100
  10. 100
  11. a loss
  12. 6
  13. 45
  14. 15
  15. 30
  16. 12
  17. 20
  18. 4
  19. 12
  20. 11
  21. 50
  22. 6
  23. 100
  24. 59
  25. 50
  26. 66
  27. 72
  28. 20
  29. 30
  30. 14
  31. cost + a markup
  32. 44
  33. 66
  34. 10
  35. 11
  36. 15
  37. 10
  38. 11
  39. 50
  40. 50

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