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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 662 · 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 ₹30 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  2. 2.One handmade card costs ₹40 to make and Joseph sells it for ₹50. What is the markup in percent?
  3. 3.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  4. 4.One potted plant costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
  6. 6.One glass of chai costs ₹52 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One bag of popcorn costs ₹16 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One jute bag costs ₹15 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  9. 9.One handmade card costs ₹10 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  10. 10.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  11. 11.One jute bag costs ₹43 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  13. 13.One painted pebble costs ₹40 to make and Dev sells it for ₹50. What is the markup in percent?
  14. 14.One glass of chai costs ₹50 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹26 to make and Dev sells it for ₹39. What is the markup in percent?
  16. 16.One friendship band costs ₹20 to make and Arjun sells it for ₹22. What is the markup in percent?
  17. 17.One clay diya costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹36 to make and Kabir sells it for ₹45. What is the markup in percent?
  20. 20.One glass of chai costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One cup of lemonade costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  22. 22.One cupcake costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹42 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹52 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹30 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹30 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One potted plant costs ₹46 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One potted plant costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One cupcake costs ₹20 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One glass of chai costs ₹44 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One clay diya costs ₹20 to make and Gurpreet sells it for ₹22. What is the markup in percent?
  33. 33.One handmade card costs ₹50 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹35 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹15 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹36 to make and Nisha sells it for ₹45. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹10 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One painted pebble costs ₹56 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One fruit cup costs ₹41 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One clay diya costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?

Answer key

  1. 30
  2. 25
  3. what buyers will pay
  4. 2
  5. cost + a markup
  6. 13
  7. 4
  8. 100
  9. 12
  10. a loss
  11. 43
  12. 10 rupees
  13. 25
  14. 25
  15. 50
  16. 10
  17. 1
  18. 12
  19. 25
  20. 44
  21. 10
  22. 2
  23. 21
  24. 13
  25. 3
  26. 5
  27. 45
  28. 69
  29. 66
  30. 22
  31. 55
  32. 10
  33. 5
  34. 42
  35. 15
  36. 25
  37. 20
  38. 70
  39. 82
  40. 10

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