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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 438 · 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 cupcake costs ₹60 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  3. 3.One friendship band costs ₹20 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  5. 5.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  6. 6.One handmade card costs ₹44 to make and Diya sells it for ₹66. What is the markup in percent?
  7. 7.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  8. 8.One bag of popcorn costs ₹30 to make and Saanvi sells it for ₹36. What is the markup in percent?
  9. 9.One paper bookmark costs ₹18 to make and Arjun sells it for ₹27. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹36 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹10 to make and Ishaan sells it for ₹12. What is the markup in percent?
  12. 12.One paper bookmark costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹20 to make and Diya sells it for ₹25. What is the markup in percent?
  14. 14.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  15. 15.One glass of chai costs ₹16 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One paper bookmark costs ₹22 to make and Lakshmi sells it for ₹33. What is the markup in percent?
  17. 17.One handmade card costs ₹16 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One cupcake costs ₹55 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹36 to make and Tara sells it for ₹45. What is the markup in percent?
  20. 20.One cupcake costs ₹36 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹52 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One jute bag costs ₹20 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹14 to make and Aarav sells it for ₹21. What is the markup in percent?
  24. 24.One potted plant costs ₹35 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One jute bag costs ₹15 to make and Zoya sells it for ₹18. What is the markup in percent?
  26. 26.One bag of popcorn costs ₹15 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹20 to make and Aarav sells it for ₹22. What is the markup in percent?
  28. 28.One paper bookmark costs ₹36 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹23 to make and Nisha sells it for ₹46. What is the markup in percent?
  31. 31.One cup of lemonade costs ₹10 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹28 to make and Lakshmi sells it for ₹35. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹24 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One fruit cup costs ₹58 to make and Meera sells it for ₹116. What is the markup in percent?
  35. 35.One bag of popcorn costs ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One handmade card costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  38. 38.One painted pebble costs ₹30 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹50 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹55 to make and Kabir sells it for ₹66. What is the markup in percent?

Answer key

  1. 6
  2. 25
  3. 4
  4. 10 rupees
  5. cost + a markup
  6. 50
  7. what buyers will pay
  8. 20
  9. 50
  10. 18
  11. 20
  12. 55
  13. 25
  14. a loss
  15. 8
  16. 50
  17. 32
  18. 11
  19. 25
  20. 9
  21. 65
  22. 5
  23. 50
  24. 70
  25. 20
  26. 3
  27. 10
  28. 9
  29. 4
  30. 100
  31. 1
  32. 25
  33. 48
  34. 100
  35. 2
  36. 22
  37. 10
  38. 30
  39. 55
  40. 20

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