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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 58 · 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 handmade card costs ₹20 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹16 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  3. 3.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  4. 4.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  5. 5.One bag of popcorn costs ₹32 to make and Dev sells it for ₹48. What is the markup in percent?
  6. 6.One paper bookmark costs ₹28 to make and Gurpreet sells it for ₹35. What is the markup in percent?
  7. 7.One fruit cup costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  9. 9.One handmade card costs ₹15 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹40 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹22 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹60 to make and Ishaan sells it for ₹75. What is the markup in percent?
  14. 14.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  15. 15.One painted pebble costs ₹15 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹52 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One clay diya costs ₹50 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.One paper bookmark costs ₹32 to make and Kavya sells it for ₹40. What is the markup in percent?
  20. 20.One paper bookmark costs ₹10 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One handmade card costs ₹25 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹45 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹48 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹55 to make and Kavya sells it for ₹110. What is the markup in percent?
  26. 26.One clay diya costs ₹52 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One friendship band costs ₹24 to make and Ishaan sells it for ₹30. What is the markup in percent?
  28. 28.One bag of popcorn costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One paper bookmark costs ₹30 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  30. 30.One clay diya costs ₹58 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹42 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One glass of chai costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  33. 33.One clay diya costs ₹40 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹40 to make and Diya sells it for ₹50. What is the markup in percent?
  35. 35.One clay diya costs ₹48 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹38 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹15 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  38. 38.One clay diya costs ₹28 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹29 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹60 to make and Gurpreet sells it for ₹66. What is the markup in percent?

Answer key

  1. 4
  2. 20
  3. 10 rupees
  4. cost + a markup
  5. 50
  6. 25
  7. 25
  8. what buyers will pay
  9. 3
  10. 8
  11. 33
  12. 22
  13. 25
  14. a loss
  15. 18
  16. 78
  17. 24
  18. 10
  19. 25
  20. 11
  21. 5
  22. 54
  23. 24
  24. 60
  25. 100
  26. 78
  27. 25
  28. 30
  29. 60
  30. 116
  31. 63
  32. 10
  33. 10
  34. 25
  35. 24
  36. 38
  37. 20
  38. 14
  39. 58
  40. 10

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