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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 43 · 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 jute bag costs ₹40 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹60 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹10 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 10 rupees (c) 20 rupees (d) 50 rupees
  5. 5.One glass of chai costs ₹48 to make and Nisha sells it for ₹60. What is the markup in percent?
  6. 6.One glass of chai costs ₹50 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) your favourite number (d) the weather only
  8. 8.One potted plant costs ₹60 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹25 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹40 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  11. 11.One clay diya costs ₹40 to make and Ishaan sells it for ₹44. What is the markup in percent?
  12. 12.One glass of chai costs ₹55 to make and Riya sells it for ₹66. What is the markup in percent?
  13. 13.One clay diya costs ₹16 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One potted plant costs ₹50 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹59 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.One friendship band costs ₹10 to make and Kavya sells it for ₹12. What is the markup in percent?
  17. 17.One cupcake costs ₹40 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹27 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  20. 20.One painted pebble costs ₹24 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹40 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  23. 23.One jute bag costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One glass of chai costs ₹22 to make and Zoya sells it for ₹33. What is the markup in percent?
  25. 25.One clay diya costs ₹30 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹52 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One handmade card costs ₹29 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹50 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹52 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹35 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹12 to make and Tara sells it for ₹15. What is the markup in percent?
  33. 33.One clay diya costs ₹59 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One clay diya costs ₹14 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹52 to make and Gurpreet sells it for ₹65. What is the markup in percent?
  37. 37.One paper bookmark costs ₹12 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹54 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹38 to make and Kavya sells it for ₹76. What is the markup in percent?
  40. 40.One paper bookmark costs ₹35 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 8
  2. 12
  3. 12
  4. 10 rupees
  5. 25
  6. 75
  7. what buyers will pay
  8. 12
  9. 5
  10. 44
  11. 10
  12. 20
  13. 20
  14. 5
  15. 118
  16. 20
  17. 44
  18. 27
  19. cost + a markup
  20. 36
  21. 20
  22. a loss
  23. 55
  24. 50
  25. 33
  26. 78
  27. 29
  28. 11
  29. 5
  30. 65
  31. 42
  32. 25
  33. 59
  34. 7
  35. 9
  36. 25
  37. 3
  38. 81
  39. 100
  40. 7

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