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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 490 · 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 20% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹52 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹10 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  5. 5.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) nothing else (d) what buyers will pay
  6. 6.One jute bag costs ₹27 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  8. 8.One jute bag costs ₹40 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  9. 9.One clay diya costs ₹28 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One handmade card costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹20 to make and Aarav sells it for ₹25. What is the markup in percent?
  12. 12.One cupcake costs ₹50 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One cupcake costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  14. 14.One painted pebble costs ₹44 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.📉 A price below the cost leads to… (a) a profit (b) a loss (c) free stock (d) break-even
  16. 16.One paper bookmark costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹32 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹25 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One cup of lemonade costs ₹40 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One clay diya costs ₹40 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹49 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹20 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One bag of popcorn costs ₹10 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹50 to make and Kavya sells it for ₹55. What is the markup in percent?
  25. 25.One clay diya costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹40 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  28. 28.One jute bag costs ₹14 to make and Aarav sells it for ₹21. What is the markup in percent?
  29. 29.One glass of chai costs ₹38 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One glass of chai costs ₹28 to make and Meera sells it for ₹35. What is the markup in percent?
  31. 31.One handmade card costs ₹14 to make and Tara sells it for ₹28. What is the markup in percent?
  32. 32.One jute bag costs ₹50 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹54 to make and Lakshmi sells it for ₹81. What is the markup in percent?
  34. 34.One friendship band costs ₹50 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹56 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹40 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹12 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs ₹32 to make and Nisha sells it for ₹64. What is the markup in percent?
  39. 39.One friendship band costs ₹47 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹56 to make. Diya adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 12
  2. 13
  3. 2
  4. cost + a markup
  5. what buyers will pay
  6. 54
  7. 10
  8. 60
  9. 7
  10. 25
  11. 25
  12. 60
  13. 10
  14. 22
  15. a loss
  16. 3
  17. 64
  18. 30
  19. 10
  20. 50
  21. 49
  22. 10
  23. 12
  24. 10
  25. 66
  26. 44
  27. 10 rupees
  28. 50
  29. 57
  30. 25
  31. 100
  32. 100
  33. 50
  34. 10
  35. 84
  36. 44
  37. 3
  38. 100
  39. 47
  40. 112

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