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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 625 · 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 ₹16 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  2. 2.One fruit cup costs ₹10 to make and Saanvi sells it for ₹15. What is the markup in percent?
  3. 3.One bag of popcorn costs ₹10 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One fruit cup costs ₹58 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹46 to make and Diya sells it for ₹69. 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 jute bag costs ₹52 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One painted pebble costs ₹36 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹32 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One cupcake costs ₹20 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One bag of popcorn costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  13. 13.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  14. 14.One fruit cup costs ₹32 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹40 to make and Zoya sells it for ₹44. What is the markup in percent?
  16. 16.One potted plant costs ₹60 to make and Ishaan sells it for ₹66. What is the markup in percent?
  17. 17.One cup of lemonade costs ₹24 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹54 to make and Farhan sells it for ₹81. What is the markup in percent?
  19. 19.One potted plant costs ₹42 to make and Aarav sells it for ₹63. What is the markup in percent?
  20. 20.One friendship band costs ₹36 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One paper bookmark costs ₹14 to make and Farhan sells it for ₹21. What is the markup in percent?
  22. 22.One painted pebble costs ₹50 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹14 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  24. 24.One jute bag costs ₹15 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One paper bookmark costs ₹10 to make and Saanvi sells it for ₹12. What is the markup in percent?
  26. 26.One handmade card costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹33 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  29. 29.One handmade card costs ₹44 to make and Gurpreet sells it for ₹66. What is the markup in percent?
  30. 30.One potted plant costs ₹12 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One potted plant costs ₹52 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  34. 34.One glass of chai costs ₹20 to make and Zoya sells it for ₹24. What is the markup in percent?
  35. 35.One friendship band costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹20 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  38. 38.One clay diya costs ₹20 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹42 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹58 to make. Riya adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 50
  3. 1
  4. 29
  5. 50
  6. cost + a markup
  7. 65
  8. 18
  9. 48
  10. 2
  11. 5
  12. what buyers will pay
  13. a loss
  14. 40
  15. 10
  16. 10
  17. 36
  18. 50
  19. 50
  20. 72
  21. 50
  22. 25
  23. 21
  24. 18
  25. 20
  26. 55
  27. 66
  28. 20
  29. 50
  30. 3
  31. 6
  32. 25
  33. 65
  34. 20
  35. 2
  36. 5
  37. 25
  38. 4
  39. 42
  40. 87

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