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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 567 · 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 paper bookmark costs ₹60 to make and Gurpreet sells it for ₹120. What is the markup in percent?
  2. 2.One friendship band costs ₹48 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One painted pebble costs ₹50 to make and Aarav sells it for ₹75. What is the markup in percent?
  4. 4.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  5. 5.One glass of chai costs ₹53 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  6. 6.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  7. 7.One clay diya costs ₹20 to make and Ananya sells it for ₹25. What is the markup in percent?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 50 rupees (d) 5 rupees
  9. 9.One handmade card costs ₹34 to make and Gurpreet sells it for ₹51. What is the markup in percent?
  10. 10.One handmade card costs ₹20 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  12. 12.One glass of chai costs ₹32 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹56 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One jute bag costs ₹30 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹60 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹50 to make and Vihaan sells it for ₹75. What is the markup in percent?
  18. 18.One paper bookmark costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  19. 19.One painted pebble costs ₹36 to make and Farhan sells it for ₹54. What is the markup in percent?
  20. 20.One bag of popcorn costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One friendship band costs ₹11 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One potted plant costs ₹55 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹34 to make. Gurpreet adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹20 to make. Zoya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹60 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹50 to make and Kabir sells it for ₹60. What is the markup in percent?
  29. 29.One potted plant costs ₹24 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹24 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹25 to make and Ishaan sells it for ₹30. What is the markup in percent?
  32. 32.One jute bag costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  34. 34.One painted pebble costs ₹48 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹14 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  37. 37.One cupcake costs ₹16 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹55 to make and Arjun sells it for ₹110. What is the markup in percent?
  40. 40.One glass of chai costs ₹29 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 100
  2. 72
  3. 50
  4. what buyers will pay
  5. 106
  6. cost + a markup
  7. 25
  8. 10 rupees
  9. 50
  10. 20
  11. 55
  12. 40
  13. 55
  14. 70
  15. 6
  16. 15
  17. 50
  18. 20
  19. 50
  20. 30
  21. 11
  22. 66
  23. 11
  24. 22
  25. 17
  26. 22
  27. 12
  28. 20
  29. 30
  30. 6
  31. 20
  32. 1
  33. a loss
  34. 24
  35. 25
  36. 21
  37. 16
  38. 5
  39. 100
  40. 29

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