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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 476 · 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 ₹50 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One handmade card costs ₹50 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  4. 4.One clay diya costs ₹10 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One fruit cup costs ₹24 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  7. 7.One glass of chai costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹50 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹24 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹20 to make and Farhan sells it for ₹22. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹44 to make and Vihaan sells it for ₹88. What is the markup in percent?
  12. 12.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  13. 13.One fruit cup costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  14. 14.One cupcake costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹40 to make and Nisha sells it for ₹44. What is the markup in percent?
  16. 16.One glass of chai costs ₹50 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  19. 19.One cupcake costs ₹55 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹10 to make and Nisha sells it for ₹20. What is the markup in percent?
  21. 21.One cup of lemonade costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  23. 23.One cup of lemonade costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹30 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One cupcake costs ₹15 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹28 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹55 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹20 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹10 to make and Arjun sells it for ₹11. What is the markup in percent?
  30. 30.One paper bookmark costs ₹60 to make and Ananya sells it for ₹72. What is the markup in percent?
  31. 31.One fruit cup costs ₹39 to make and Riya sells it for ₹78. What is the markup in percent?
  32. 32.One potted plant costs ₹12 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹15 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹56 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹40 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹58 to make and Meera sells it for ₹116. What is the markup in percent?
  38. 38.One jute bag costs ₹20 to make and Riya sells it for ₹30. What is the markup in percent?
  39. 39.One cupcake costs ₹40 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹44 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. 25
  3. a loss
  4. 1
  5. 6
  6. what buyers will pay
  7. 22
  8. 60
  9. 30
  10. 10
  11. 100
  12. cost + a markup
  13. 10
  14. 4
  15. 10
  16. 55
  17. 33
  18. 10
  19. 11
  20. 100
  21. 3
  22. 10 rupees
  23. 1
  24. 60
  25. 18
  26. 14
  27. 66
  28. 24
  29. 10
  30. 20
  31. 100
  32. 3
  33. 18
  34. 55
  35. 112
  36. 50
  37. 100
  38. 50
  39. 50
  40. 11

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