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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 699 · 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 ₹20 to make and Rohan sells it for ₹25. What is the markup in percent?
  2. 2.One clay diya costs ₹16 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One potted plant costs ₹20 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹60 to make and Diya sells it for ₹75. What is the markup in percent?
  5. 5.One paper bookmark costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  6. 6.One handmade card costs ₹26 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 5 rupees (d) 10 rupees
  8. 8.One jute bag costs ₹24 to make and Farhan sells it for ₹30. What is the markup in percent?
  9. 9.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
  10. 10.One fruit cup costs ₹10 to make and Diya sells it for ₹11. What is the markup in percent?
  11. 11.One cup of lemonade costs ₹50 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One bag of popcorn costs ₹50 to make and Meera sells it for ₹60. What is the markup in percent?
  14. 14.One fruit cup costs ₹55 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One potted plant costs ₹50 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One paper bookmark costs ₹14 to make and Nisha sells it for ₹21. What is the markup in percent?
  17. 17.One handmade card costs ₹38 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One cup of lemonade costs ₹33 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹38 to make and Meera sells it for ₹76. What is the markup in percent?
  20. 20.One glass of chai costs ₹28 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹25 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹35 to make and Rohan sells it for ₹42. What is the markup in percent?
  23. 23.One jute bag costs ₹49 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹37 to make and Ishaan sells it for ₹74. What is the markup in percent?
  25. 25.One cupcake costs ₹35 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹42 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹56 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  28. 28.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  29. 29.One fruit cup costs ₹23 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹40 to make and Saanvi sells it for ₹60. What is the markup in percent?
  31. 31.One jute bag costs ₹36 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹27 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹36 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  34. 34.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  35. 35.One handmade card costs ₹30 to make and Tara sells it for ₹36. What is the markup in percent?
  36. 36.One fruit cup costs ₹50 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹19 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.One potted plant costs ₹55 to make and Nisha sells it for ₹66. What is the markup in percent?
  40. 40.One cup of lemonade costs ₹52 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. 20
  3. 5
  4. 25
  5. 12
  6. 26
  7. 10 rupees
  8. 25
  9. what buyers will pay
  10. 10
  11. 50
  12. 4
  13. 20
  14. 55
  15. 60
  16. 50
  17. 19
  18. 33
  19. 100
  20. 28
  21. 50
  22. 20
  23. 98
  24. 100
  25. 7
  26. 63
  27. 70
  28. a loss
  29. 23
  30. 50
  31. 9
  32. 54
  33. 72
  34. cost + a markup
  35. 20
  36. 5
  37. 19
  38. 1
  39. 20
  40. 104

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