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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 583 · 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 ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  2. 2.One friendship band costs ₹44 to make and Dev sells it for ₹55. What is the markup in percent?
  3. 3.One friendship band costs ₹11 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One paper bookmark costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  7. 7.One glass of chai costs ₹52 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs ₹20 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹28 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  11. 11.One friendship band costs ₹30 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  12. 12.One cupcake costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  13. 13.One handmade card costs ₹40 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹52 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One bag of popcorn costs ₹60 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹50 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  18. 18.One jute bag costs ₹48 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹60 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹10 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹56 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 50 rupees (d) 10 rupees
  23. 23.One glass of chai costs ₹52 to make and Nisha sells it for ₹65. What is the markup in percent?
  24. 24.One handmade card costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹24 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  27. 27.One bag of popcorn costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  28. 28.One handmade card costs ₹60 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹22 to make and Kavya sells it for ₹44. What is the markup in percent?
  30. 30.One handmade card costs ₹20 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One friendship band costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One painted pebble costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One paper bookmark costs ₹21 to make and Arjun sells it for ₹42. What is the markup in percent?
  34. 34.One clay diya costs ₹24 to make and Ishaan sells it for ₹30. What is the markup in percent?
  35. 35.One paper bookmark costs ₹50 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹52 to make and Kabir sells it for ₹65. What is the markup in percent?
  37. 37.One fruit cup costs ₹16 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One friendship band costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹40 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹20 to make. Riya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 25
  3. 22
  4. 2
  5. 10
  6. cost + a markup
  7. 26
  8. 2
  9. 56
  10. a loss
  11. 100
  12. 10
  13. 40
  14. 13
  15. 54
  16. 60
  17. 60
  18. 12
  19. 12
  20. 1
  21. 70
  22. 10 rupees
  23. 25
  24. 3
  25. 12
  26. what buyers will pay
  27. 20
  28. 6
  29. 100
  30. 30
  31. 54
  32. 11
  33. 100
  34. 25
  35. 10
  36. 25
  37. 24
  38. 30
  39. 8
  40. 30

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