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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 352 · 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 painted pebble costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹55 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  4. 4.One fruit cup costs ₹36 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One fruit cup costs ₹25 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹48 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One handmade card costs ₹35 to make and Zoya sells it for ₹42. What is the markup in percent?
  8. 8.One handmade card costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One potted plant costs ₹20 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One fruit cup costs ₹55 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹51 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  13. 13.One handmade card costs ₹60 to make and Nisha sells it for ₹66. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹16 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹54 to make and Joseph sells it for ₹81. What is the markup in percent?
  16. 16.One handmade card costs ₹20 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  18. 18.One cupcake costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One bag of popcorn costs ₹24 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹40 to make and Rohan sells it for ₹48. What is the markup in percent?
  21. 21.One glass of chai costs ₹48 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  22. 22.One clay diya costs ₹17 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  23. 23.One cupcake costs ₹47 to make and Meera sells it for ₹94. What is the markup in percent?
  24. 24.One jute bag costs ₹50 to make and Gurpreet sells it for ₹100. What is the markup in percent?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 50 rupees (d) 20 rupees
  26. 26.One paper bookmark costs ₹50 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹36 to make and Ananya sells it for ₹54. What is the markup in percent?
  28. 28.One friendship band costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cup of lemonade costs ₹60 to make and Rohan sells it for ₹75. What is the markup in percent?
  30. 30.One fruit cup costs ₹24 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹20 to make and Rohan sells it for ₹22. What is the markup in percent?
  32. 32.One paper bookmark costs ₹46 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹48 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹56 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹24 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹10 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One glass of chai costs ₹52 to make and Aarav sells it for ₹65. What is the markup in percent?
  40. 40.One jute bag costs ₹36 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 11
  3. cost + a markup
  4. 45
  5. 5
  6. 48
  7. 20
  8. 1
  9. 24
  10. 11
  11. 51
  12. what buyers will pay
  13. 10
  14. 20
  15. 50
  16. 25
  17. a loss
  18. 5
  19. 6
  20. 20
  21. 25
  22. 34
  23. 100
  24. 100
  25. 10 rupees
  26. 50
  27. 50
  28. 44
  29. 25
  30. 24
  31. 10
  32. 92
  33. 24
  34. 70
  35. 12
  36. 20
  37. 22
  38. 11
  39. 25
  40. 9

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