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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 273 · 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 paper bookmark costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  3. 3.One jute bag costs ₹52 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  5. 5.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  7. 7.One handmade card costs ₹16 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹20 to make and Farhan sells it for ₹25. What is the markup in percent?
  9. 9.One paper bookmark costs ₹30 to make and Diya sells it for ₹45. What is the markup in percent?
  10. 10.One painted pebble costs ₹40 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One glass of chai costs ₹10 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One glass of chai costs ₹15 to make and Arjun sells it for ₹18. What is the markup in percent?
  13. 13.One painted pebble costs ₹44 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹21 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  15. 15.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  16. 16.One painted pebble costs ₹25 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹38 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹45 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One handmade card costs ₹50 to make and Farhan sells it for ₹60. What is the markup in percent?
  20. 20.One painted pebble costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹11 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹47 to make and Rohan sells it for ₹94. What is the markup in percent?
  24. 24.One cupcake costs ₹40 to make and Aarav sells it for ₹50. What is the markup in percent?
  25. 25.One glass of chai costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One potted plant costs ₹55 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹48 to make and Riya sells it for ₹60. What is the markup in percent?
  28. 28.One jute bag costs ₹40 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹60 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  30. 30.One potted plant costs ₹35 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹20 to make and Zoya sells it for ₹22. What is the markup in percent?
  32. 32.One clay diya costs ₹55 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹12 to make and Meera sells it for ₹18. What is the markup in percent?
  34. 34.One handmade card costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  35. 35.One cupcake costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  36. 36.One potted plant costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹10 to make and Nisha sells it for ₹12. What is the markup in percent?
  38. 38.One glass of chai costs ₹25 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹40 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹42 to make and Gurpreet sells it for ₹84. What is the markup in percent?

Answer key

  1. 6
  2. cost + a markup
  3. 104
  4. 44
  5. a loss
  6. 10 rupees
  7. 4
  8. 25
  9. 50
  10. 48
  11. 1
  12. 20
  13. 44
  14. 42
  15. what buyers will pay
  16. 5
  17. 57
  18. 54
  19. 20
  20. 1
  21. 6
  22. 11
  23. 100
  24. 25
  25. 20
  26. 11
  27. 25
  28. 44
  29. 72
  30. 7
  31. 10
  32. 66
  33. 50
  34. 10
  35. 10
  36. 66
  37. 20
  38. 5
  39. 4
  40. 100

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