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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 703 · 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 potted plant costs ₹60 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  2. 2.One potted plant costs ₹60 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹48 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹10 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One paper bookmark costs ₹16 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹10 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹47 to make and Zoya sells it for ₹94. What is the markup in percent?
  8. 8.One paper bookmark costs ₹50 to make and Kavya sells it for ₹100. What is the markup in percent?
  9. 9.One cupcake costs ₹24 to make and Ananya sells it for ₹48. What is the markup in percent?
  10. 10.One jute bag costs ₹60 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹28 to make and Joseph sells it for ₹42. What is the markup in percent?
  12. 12.One fruit cup costs ₹20 to make and Meera sells it for ₹25. What is the markup in percent?
  13. 13.One handmade card costs ₹50 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  14. 14.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) guess any price (d) copy a rival
  15. 15.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
  16. 16.One cup of lemonade costs ₹10 to make and Nisha sells it for ₹20. What is the markup in percent?
  17. 17.One glass of chai costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  18. 18.One friendship band costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One clay diya costs ₹28 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One painted pebble costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One glass of chai costs ₹48 to make and Lakshmi sells it for ₹60. What is the markup in percent?
  22. 22.One glass of chai costs ₹24 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  23. 23.One bag of popcorn costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs ₹30 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs ₹20 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹29 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹52 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹28 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  29. 29.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  30. 30.One jute bag costs ₹24 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹13 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One clay diya costs ₹56 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One clay diya costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  34. 34.One clay diya costs ₹36 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  35. 35.One bag of popcorn costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹26 to make and Farhan sells it for ₹52. What is the markup in percent?
  38. 38.One jute bag costs ₹10 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹38 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹48 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?

Answer key

  1. 15
  2. 66
  3. 12
  4. 12
  5. 4
  6. 10
  7. 100
  8. 100
  9. 100
  10. 90
  11. 50
  12. 25
  13. 100
  14. cost + a markup
  15. what buyers will pay
  16. 100
  17. 10
  18. 44
  19. 35
  20. 33
  21. 25
  22. 30
  23. 3
  24. 15
  25. 2
  26. 29
  27. 13
  28. 42
  29. a loss
  30. 6
  31. 13
  32. 112
  33. 10
  34. 45
  35. 12
  36. 5
  37. 100
  38. 20
  39. 76
  40. 72

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