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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 680 · 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 ₹10 to make and Farhan sells it for ₹11. What is the markup in percent?
  2. 2.One handmade card costs ₹40 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  5. 5.One handmade card costs ₹24 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹16 to make and Ishaan sells it for ₹20. What is the markup in percent?
  7. 7.One glass of chai costs ₹20 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  8. 8.One bag of popcorn costs ₹28 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  9. 9.One jute bag costs ₹52 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  10. 10.🤔 Besides cost, what should a price think about? (a) your favourite number (b) nothing else (c) the weather only (d) what buyers will pay
  11. 11.One paper bookmark costs ₹32 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) a profit (b) break-even (c) free stock (d) a loss
  13. 13.One cupcake costs ₹40 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹50 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  15. 15.One glass of chai costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  16. 16.One clay diya costs ₹10 to make. Saanvi adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One friendship band costs ₹54 to make and Farhan sells it for ₹81. What is the markup in percent?
  18. 18.One potted plant costs ₹58 to make and Ishaan sells it for ₹116. What is the markup in percent?
  19. 19.One cup of lemonade costs ₹12 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹14 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  21. 21.One clay diya costs ₹30 to make and Zoya sells it for ₹33. What is the markup in percent?
  22. 22.One cup of lemonade costs ₹60 to make and Riya sells it for ₹66. What is the markup in percent?
  23. 23.One handmade card costs ₹20 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  24. 24.One cupcake costs ₹40 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.One painted pebble costs ₹44 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹24 to make and Riya sells it for ₹30. What is the markup in percent?
  27. 27.One cupcake costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One handmade card costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹20 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹18 to make and Farhan sells it for ₹27. What is the markup in percent?
  31. 31.One handmade card costs ₹38 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹38 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) guess any price (d) copy a rival
  34. 34.One cupcake costs ₹34 to make. Ishaan adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One jute bag costs ₹36 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs ₹30 to make and Ananya sells it for ₹45. What is the markup in percent?
  37. 37.One fruit cup costs ₹16 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹20 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹50 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 60
  3. 25
  4. 10 rupees
  5. 30
  6. 25
  7. 10
  8. 35
  9. 65
  10. what buyers will pay
  11. 48
  12. a loss
  13. 8
  14. 5
  15. 10
  16. 11
  17. 50
  18. 100
  19. 15
  20. 21
  21. 10
  22. 10
  23. 10
  24. 50
  25. 11
  26. 25
  27. 66
  28. 55
  29. 30
  30. 50
  31. 19
  32. 19
  33. cost + a markup
  34. 51
  35. 9
  36. 50
  37. 24
  38. 10
  39. 55
  40. 5

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