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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 510 · 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 fruit cup costs ₹32 to make and Joseph sells it for ₹48. What is the markup in percent?
  2. 2.One potted plant costs ₹20 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One jute bag costs ₹10 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹60 to make and Lakshmi sells it for ₹72. What is the markup in percent?
  5. 5.One bag of popcorn costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  6. 6.📉 A price below the cost leads to… (a) free stock (b) a profit (c) a loss (d) break-even
  7. 7.One jute bag costs ₹30 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One paper bookmark costs ₹50 to make and Zoya sells it for ₹100. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) cost + a markup (d) guess any price
  11. 11.One painted pebble costs ₹12 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹20 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One paper bookmark costs ₹24 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One cupcake costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  16. 16.One clay diya costs ₹54 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.One handmade card costs ₹27 to make and Saanvi sells it for ₹54. What is the markup in percent?
  18. 18.One clay diya costs ₹20 to make and Meera sells it for ₹25. What is the markup in percent?
  19. 19.One fruit cup costs ₹12 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹50 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One handmade card costs ₹42 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  24. 24.One fruit cup costs ₹16 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹45 to make and Tara sells it for ₹54. What is the markup in percent?
  26. 26.One cup of lemonade costs ₹34 to make and Saanvi sells it for ₹51. What is the markup in percent?
  27. 27.One handmade card costs ₹32 to make and Meera sells it for ₹48. What is the markup in percent?
  28. 28.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 10 rupees (d) 5 rupees
  29. 29.One handmade card costs ₹24 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One cup of lemonade costs ₹54 to make and Vihaan sells it for ₹81. What is the markup in percent?
  31. 31.One handmade card costs ₹37 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One handmade card costs ₹18 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One glass of chai costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹24 to make and Riya sells it for ₹36. What is the markup in percent?
  35. 35.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) what buyers will pay (d) the weather only
  36. 36.One handmade card costs ₹12 to make and Gurpreet sells it for ₹15. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹55 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹24 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹50 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 24
  3. 2
  4. 20
  5. 25
  6. a loss
  7. 36
  8. 3
  9. 100
  10. cost + a markup
  11. 18
  12. 5
  13. 6
  14. 55
  15. 10
  16. 27
  17. 100
  18. 25
  19. 3
  20. 100
  21. 2
  22. 21
  23. 10
  24. 32
  25. 20
  26. 50
  27. 50
  28. 10 rupees
  29. 30
  30. 50
  31. 74
  32. 9
  33. 1
  34. 50
  35. what buyers will pay
  36. 25
  37. 12
  38. 11
  39. 30
  40. 50

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