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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 593 · 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 ₹40 to make and Diya sells it for ₹60. What is the markup in percent?
  2. 2.One jute bag costs ₹16 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹21 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  6. 6.One bag of popcorn costs ₹59 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One cupcake costs ₹20 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹20 to make and Lakshmi sells it for ₹22. What is the markup in percent?
  9. 9.One bag of popcorn costs ₹40 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹50 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  12. 12.One jute bag costs ₹25 to make and Rohan sells it for ₹30. What is the markup in percent?
  13. 13.One handmade card costs ₹41 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One cupcake costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One potted plant costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  16. 16.One glass of chai costs ₹24 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹20 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹60 to make and Ishaan sells it for ₹72. What is the markup in percent?
  19. 19.One paper bookmark costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  20. 20.One handmade card costs ₹18 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹10 to make and Kavya sells it for ₹15. What is the markup in percent?
  22. 22.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  23. 23.One paper bookmark costs ₹16 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹55 to make and Diya sells it for ₹66. What is the markup in percent?
  26. 26.One handmade card costs ₹12 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹20 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  28. 28.One glass of chai costs ₹39 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹34 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One bag of popcorn costs ₹60 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One bag of popcorn costs ₹40 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  32. 32.One friendship band costs ₹51 to make and Lakshmi sells it for ₹102. What is the markup in percent?
  33. 33.One friendship band costs ₹44 to make and Kavya sells it for ₹55. What is the markup in percent?
  34. 34.One fruit cup costs ₹16 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One cupcake costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹30 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  38. 38.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  39. 39.One fruit cup costs ₹10 to make and Dev sells it for ₹12. What is the markup in percent?
  40. 40.One fruit cup costs ₹12 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 50
  2. 20
  3. 66
  4. 42
  5. what buyers will pay
  6. 118
  7. 22
  8. 10
  9. 60
  10. 75
  11. a loss
  12. 20
  13. 41
  14. 4
  15. 10
  16. 30
  17. 4
  18. 20
  19. 10
  20. 18
  21. 50
  22. cost + a markup
  23. 4
  24. 44
  25. 20
  26. 15
  27. 24
  28. 39
  29. 51
  30. 75
  31. 8
  32. 100
  33. 25
  34. 8
  35. 11
  36. 5
  37. 33
  38. 10 rupees
  39. 20
  40. 6

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