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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 396 · 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 friendship band costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One cup of lemonade costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One cupcake costs ₹60 to make and Saanvi sells it for ₹90. What is the markup in percent?
  4. 4.One bag of popcorn costs ₹24 to make and Diya sells it for ₹30. What is the markup in percent?
  5. 5.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  6. 6.One friendship band costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹28 to make and Zoya sells it for ₹35. What is the markup in percent?
  8. 8.One painted pebble costs ₹20 to make and Rohan sells it for ₹24. What is the markup in percent?
  9. 9.One glass of chai costs ₹36 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹45 to make and Vihaan sells it for ₹54. What is the markup in percent?
  11. 11.One friendship band costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  12. 12.One painted pebble costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One cup of lemonade costs ₹44 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One handmade card costs ₹24 to make and Kavya sells it for ₹36. What is the markup in percent?
  15. 15.One cupcake costs ₹50 to make and Ishaan sells it for ₹55. What is the markup in percent?
  16. 16.One paper bookmark costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  18. 18.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) nothing else (d) the weather only
  19. 19.One fruit cup costs ₹30 to make and Meera sells it for ₹45. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹10 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One jute bag costs ₹56 to make and Rohan sells it for ₹70. What is the markup in percent?
  22. 22.One paper bookmark costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One paper bookmark costs ₹30 to make and Arjun sells it for ₹33. What is the markup in percent?
  24. 24.One glass of chai costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹10 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  26. 26.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  27. 27.One paper bookmark costs ₹44 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹19 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One jute bag costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  30. 30.One glass of chai costs ₹46 to make and Zoya sells it for ₹69. What is the markup in percent?
  31. 31.One glass of chai costs ₹30 to make and Vihaan sells it for ₹36. What is the markup in percent?
  32. 32.One glass of chai costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  33. 33.One cup of lemonade costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹30 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹40 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹28 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹52 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One potted plant costs ₹50 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹10 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹55 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?

Answer key

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

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