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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 344 · 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. Tara adds a 10% markup. What is the selling price (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  3. 3.One fruit cup costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  4. 4.One paper bookmark costs ₹50 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹42 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹36 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One handmade card costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  8. 8.One handmade card costs ₹45 to make and Lakshmi sells it for ₹90. What is the markup in percent?
  9. 9.One cup of lemonade costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹45 to make and Nisha sells it for ₹54. What is the markup in percent?
  11. 11.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  12. 12.One jute bag costs ₹48 to make and Ananya sells it for ₹60. What is the markup in percent?
  13. 13.One jute bag costs ₹36 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One jute bag costs ₹40 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  16. 16.One glass of chai costs ₹58 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  18. 18.One cup of lemonade costs ₹44 to make and Riya sells it for ₹55. What is the markup in percent?
  19. 19.One clay diya costs ₹12 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹46 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One handmade card costs ₹59 to make and Kavya sells it for ₹118. What is the markup in percent?
  22. 22.One fruit cup costs ₹56 to make and Ananya sells it for ₹70. What is the markup in percent?
  23. 23.One clay diya costs ₹55 to make and Rohan sells it for ₹66. What is the markup in percent?
  24. 24.One paper bookmark costs ₹40 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹43 to make and Zoya sells it for ₹86. What is the markup in percent?
  26. 26.One jute bag costs ₹42 to make and Diya sells it for ₹63. What is the markup in percent?
  27. 27.One handmade card costs ₹60 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹46 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹10 to make and Rohan sells it for ₹12. What is the markup in percent?
  30. 30.One potted plant costs ₹20 to make and Dev sells it for ₹25. What is the markup in percent?
  31. 31.One clay diya costs ₹56 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹53 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  36. 36.One bag of popcorn costs ₹44 to make and Dev sells it for ₹55. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹32 to make and Meera sells it for ₹48. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One painted pebble costs ₹60 to make and Ananya sells it for ₹72. What is the markup in percent?
  40. 40.One handmade card costs ₹48 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 11
  2. what buyers will pay
  3. 20
  4. 10
  5. 21
  6. 45
  7. 10
  8. 100
  9. 20
  10. 20
  11. a loss
  12. 25
  13. 45
  14. 20
  15. cost + a markup
  16. 29
  17. 10
  18. 25
  19. 15
  20. 23
  21. 100
  22. 25
  23. 20
  24. 8
  25. 100
  26. 50
  27. 12
  28. 69
  29. 20
  30. 25
  31. 28
  32. 2
  33. 55
  34. 53
  35. 10
  36. 25
  37. 50
  38. 66
  39. 20
  40. 12

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