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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 375 · 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 ₹40 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One cupcake costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹10 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One clay diya costs ₹58 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One cup of lemonade costs ₹50 to make and Lakshmi sells it for ₹55. What is the markup in percent?
  6. 6.One friendship band costs ₹18 to make and Zoya sells it for ₹27. What is the markup in percent?
  7. 7.One cup of lemonade costs ₹45 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  8. 8.One clay diya costs ₹60 to make and Meera sells it for ₹72. What is the markup in percent?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  10. 10.One handmade card costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹12 to make and Kabir sells it for ₹24. What is the markup in percent?
  12. 12.One glass of chai costs ₹56 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹28 to make and Farhan sells it for ₹42. What is the markup in percent?
  14. 14.One handmade card costs ₹35 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One clay diya costs ₹12 to make and Kavya sells it for ₹15. What is the markup in percent?
  16. 16.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  17. 17.One glass of chai costs ₹51 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One friendship band costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  20. 20.One potted plant costs ₹16 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹26 to make and Joseph sells it for ₹39. What is the markup in percent?
  22. 22.One clay diya costs ₹54 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One glass of chai costs ₹40 to make and Arjun sells it for ₹50. What is the markup in percent?
  24. 24.One cupcake costs ₹35 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  25. 25.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  26. 26.One bag of popcorn costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹16 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹60 to make and Gurpreet sells it for ₹75. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs ₹35 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹30 to make and Kavya sells it for ₹45. What is the markup in percent?
  33. 33.One handmade card costs ₹16 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One bag of popcorn costs ₹56 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹40 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One handmade card costs ₹35 to make and Ananya sells it for ₹42. What is the markup in percent?
  37. 37.One clay diya costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
  39. 39.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  40. 40.One bag of popcorn costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?

Answer key

  1. 10
  2. 9
  3. 2
  4. 87
  5. 10
  6. 50
  7. 9
  8. 20
  9. 10 rupees
  10. 2
  11. 100
  12. 14
  13. 50
  14. 42
  15. 25
  16. cost + a markup
  17. 102
  18. 6
  19. 25
  20. 20
  21. 50
  22. 27
  23. 25
  24. 7
  25. a loss
  26. 66
  27. 1
  28. 32
  29. 25
  30. 11
  31. 42
  32. 50
  33. 32
  34. 28
  35. 50
  36. 20
  37. 4
  38. 20
  39. what buyers will pay
  40. 10

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