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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 374 · 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 ₹32 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹40 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One friendship band costs ₹35 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  5. 5.One handmade card costs ₹28 to make and Dev sells it for ₹35. What is the markup in percent?
  6. 6.One fruit cup costs ₹59 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹58 to make and Kabir sells it for ₹87. What is the markup in percent?
  8. 8.One friendship band costs ₹52 to make and Farhan sells it for ₹78. What is the markup in percent?
  9. 9.One handmade card costs ₹45 to make and Zoya sells it for ₹54. What is the markup in percent?
  10. 10.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  11. 11.One handmade card costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One clay diya costs ₹32 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  13. 13.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  14. 14.One glass of chai costs ₹45 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One paper bookmark costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹60 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One cupcake costs ₹20 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.🏷️ Cost-plus pricing means… (a) cost + a markup (b) guess any price (c) copy a rival (d) cost − a markup
  19. 19.One clay diya costs ₹16 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹44 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹37 to make and Riya sells it for ₹74. What is the markup in percent?
  22. 22.One clay diya costs ₹12 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹54 to make and Diya sells it for ₹108. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹35 to make and Dev sells it for ₹70. What is the markup in percent?
  25. 25.One fruit cup costs ₹56 to make and Aarav sells it for ₹84. What is the markup in percent?
  26. 26.One painted pebble costs ₹53 to make and Kabir sells it for ₹106. What is the markup in percent?
  27. 27.One handmade card costs ₹22 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One clay diya costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹40 to make and Arjun sells it for ₹80. What is the markup in percent?
  30. 30.One cupcake costs ₹42 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹10 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One cupcake costs ₹59 to make and Lakshmi sells it for ₹118. What is the markup in percent?
  33. 33.One jute bag costs ₹56 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  35. 35.One painted pebble costs ₹28 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹60 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹48 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹43 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 8
  2. 44
  3. 70
  4. 10
  5. 25
  6. 59
  7. 50
  8. 50
  9. 20
  10. a loss
  11. 2
  12. 64
  13. what buyers will pay
  14. 54
  15. 6
  16. 75
  17. 24
  18. cost + a markup
  19. 4
  20. 88
  21. 100
  22. 15
  23. 100
  24. 100
  25. 50
  26. 100
  27. 33
  28. 33
  29. 100
  30. 21
  31. 2
  32. 100
  33. 14
  34. 10 rupees
  35. 56
  36. 75
  37. 1
  38. 48
  39. 86
  40. 22

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