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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 423 · 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 ₹48 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹54 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  3. 3.One cup of lemonade costs ₹24 to make and Meera sells it for ₹30. What is the markup in percent?
  4. 4.One handmade card costs ₹12 to make and Zoya sells it for ₹18. What is the markup in percent?
  5. 5.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  6. 6.One cup of lemonade costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  7. 7.One clay diya costs ₹15 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹16 to make and Kavya sells it for ₹20. What is the markup in percent?
  9. 9.One potted plant costs ₹10 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  11. 11.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  12. 12.One jute bag costs ₹15 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹54 to make and Riya sells it for ₹108. What is the markup in percent?
  15. 15.One potted plant costs ₹24 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹45 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One handmade card costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹30 to make and Zoya sells it for ₹36. What is the markup in percent?
  20. 20.One paper bookmark costs ₹60 to make and Diya sells it for ₹66. What is the markup in percent?
  21. 21.One handmade card costs ₹25 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  22. 22.One painted pebble costs ₹24 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  24. 24.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  25. 25.One handmade card costs ₹25 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹45 to make and Dev sells it for ₹54. What is the markup in percent?
  27. 27.One glass of chai costs ₹20 to make and Rohan sells it for ₹30. What is the markup in percent?
  28. 28.One clay diya costs ₹50 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹45 to make and Riya sells it for ₹90. What is the markup in percent?
  30. 30.One fruit cup costs ₹30 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  32. 32.One painted pebble costs ₹50 to make and Diya sells it for ₹60. What is the markup in percent?
  33. 33.One paper bookmark costs ₹28 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹15 to make and Meera sells it for ₹18. What is the markup in percent?
  35. 35.One cupcake costs ₹12 to make and Arjun sells it for ₹15. What is the markup in percent?
  36. 36.One fruit cup costs ₹22 to make and Dev sells it for ₹44. What is the markup in percent?
  37. 37.One glass of chai costs ₹20 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One glass of chai costs ₹44 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 60
  2. 108
  3. 25
  4. 50
  5. a loss
  6. 10
  7. 18
  8. 25
  9. 2
  10. 10
  11. 10 rupees
  12. 3
  13. 2
  14. 100
  15. 6
  16. 25
  17. 54
  18. 2
  19. 20
  20. 10
  21. 30
  22. 24
  23. 10
  24. cost + a markup
  25. 5
  26. 20
  27. 50
  28. 5
  29. 100
  30. 30
  31. what buyers will pay
  32. 20
  33. 7
  34. 20
  35. 25
  36. 100
  37. 22
  38. 44
  39. 6
  40. 2

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