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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 483 · 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 cup of lemonade costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹25 to make and Gurpreet sells it for ₹50. What is the markup in percent?
  3. 3.One clay diya costs ₹40 to make and Diya sells it for ₹48. What is the markup in percent?
  4. 4.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  5. 5.One clay diya costs ₹60 to make and Farhan sells it for ₹75. What is the markup in percent?
  6. 6.One handmade card costs ₹26 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹30 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹60 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cupcake costs ₹48 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One glass of chai costs ₹32 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One friendship band costs ₹49 to make and Riya sells it for ₹98. What is the markup in percent?
  13. 13.One bag of popcorn costs ₹25 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹40 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹16 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  16. 16.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  17. 17.One potted plant costs ₹60 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹20 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  19. 19.One potted plant costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹20 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  22. 22.One paper bookmark costs ₹30 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One fruit cup costs ₹12 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One friendship band costs ₹26 to make and Meera sells it for ₹39. What is the markup in percent?
  26. 26.One cupcake costs ₹20 to make and Dev sells it for ₹25. What is the markup in percent?
  27. 27.One handmade card costs ₹15 to make and Dev sells it for ₹18. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹10 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹60 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹16 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹36 to make and Aarav sells it for ₹72. What is the markup in percent?
  32. 32.One handmade card costs ₹50 to make and Joseph sells it for ₹75. What is the markup in percent?
  33. 33.One paper bookmark costs ₹44 to make and Kabir sells it for ₹88. What is the markup in percent?
  34. 34.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  35. 35.One clay diya costs ₹36 to make and Aarav sells it for ₹45. What is the markup in percent?
  36. 36.One paper bookmark costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  37. 37.One painted pebble costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹60 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One paper bookmark costs ₹12 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?

Answer key

  1. 22
  2. 100
  3. 20
  4. a loss
  5. 25
  6. 13
  7. 33
  8. 72
  9. 12
  10. 8
  11. 3
  12. 100
  13. 5
  14. 8
  15. 32
  16. what buyers will pay
  17. 66
  18. 40
  19. 10
  20. 5
  21. 10 rupees
  22. 45
  23. 44
  24. 6
  25. 50
  26. 25
  27. 20
  28. 10
  29. 66
  30. 4
  31. 100
  32. 50
  33. 100
  34. cost + a markup
  35. 25
  36. 10
  37. 10
  38. 15
  39. 6
  40. 10

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