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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 519 · 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 friendship band costs ₹38 to make and Joseph sells it for ₹57. What is the markup in percent?
  2. 2.One cup of lemonade costs ₹10 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  4. 4.One paper bookmark costs ₹26 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹44 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  7. 7.One paper bookmark costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  8. 8.One fruit cup costs ₹28 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹12 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹32 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One friendship band costs ₹22 to make and Diya sells it for ₹33. What is the markup in percent?
  14. 14.One handmade card costs ₹22 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One potted plant costs ₹44 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One painted pebble costs ₹55 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹20 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹60 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One cupcake costs ₹44 to make and Meera sells it for ₹66. What is the markup in percent?
  22. 22.One handmade card costs ₹56 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  24. 24.One glass of chai costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  25. 25.One jute bag costs ₹46 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹46 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹35 to make and Joseph sells it for ₹42. What is the markup in percent?
  28. 28.One fruit cup costs ₹40 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  29. 29.One bag of popcorn costs ₹56 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  30. 30.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  31. 31.One paper bookmark costs ₹45 to make and Ishaan sells it for ₹54. What is the markup in percent?
  32. 32.One bag of popcorn costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  33. 33.One potted plant costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One handmade card costs ₹12 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹40 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹52 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One glass of chai costs ₹10 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 10
  3. cost + a markup
  4. 13
  5. 44
  6. what buyers will pay
  7. 10
  8. 7
  9. 44
  10. 15
  11. 33
  12. 8
  13. 50
  14. 11
  15. 66
  16. 55
  17. 6
  18. 11
  19. 30
  20. 6
  21. 50
  22. 56
  23. a loss
  24. 20
  25. 46
  26. 92
  27. 20
  28. 50
  29. 84
  30. 10 rupees
  31. 20
  32. 10
  33. 6
  34. 22
  35. 15
  36. 55
  37. 11
  38. 50
  39. 78
  40. 2

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