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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 710 · 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 handmade card costs ₹15 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹40 to make and Rohan sells it for ₹50. What is the markup in percent?
  3. 3.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  4. 4.One painted pebble costs ₹16 to make and Vihaan sells it for ₹32. What is the markup in percent?
  5. 5.One paper bookmark costs ₹37 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹10 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹28 to make and Kabir sells it for ₹35. What is the markup in percent?
  8. 8.One clay diya costs ₹52 to make and Vihaan sells it for ₹65. What is the markup in percent?
  9. 9.One painted pebble costs ₹21 to make and Zoya sells it for ₹42. What is the markup in percent?
  10. 10.One jute bag costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  11. 11.One cupcake costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One bag of popcorn costs ₹60 to make and Kavya sells it for ₹66. What is the markup in percent?
  13. 13.One painted pebble costs ₹59 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹10 to make and Lakshmi sells it for ₹11. What is the markup in percent?
  15. 15.One cup of lemonade costs ₹13 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  17. 17.One painted pebble costs ₹60 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  19. 19.One handmade card costs ₹42 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹20 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  22. 22.📉 A price below the cost leads to… (a) a loss (b) a profit (c) free stock (d) break-even
  23. 23.One jute bag costs ₹10 to make and Dev sells it for ₹11. What is the markup in percent?
  24. 24.One potted plant costs ₹34 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹28 to make and Saanvi sells it for ₹42. What is the markup in percent?
  26. 26.One cupcake costs ₹40 to make and Gurpreet sells it for ₹50. What is the markup in percent?
  27. 27.One bag of popcorn costs ₹13 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹11 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹50 to make and Nisha sells it for ₹55. What is the markup in percent?
  30. 30.One bag of popcorn costs ₹16 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹44 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.One glass of chai costs ₹60 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹40 to make and Tara sells it for ₹80. What is the markup in percent?
  34. 34.One paper bookmark costs ₹20 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One cupcake costs ₹50 to make and Meera sells it for ₹100. What is the markup in percent?
  36. 36.One jute bag costs ₹48 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹51 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹30 to make and Aarav sells it for ₹33. What is the markup in percent?
  39. 39.One handmade card costs ₹10 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹15 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?

Answer key

  1. 18
  2. 25
  3. cost + a markup
  4. 100
  5. 37
  6. 11
  7. 25
  8. 25
  9. 100
  10. 4
  11. 3
  12. 10
  13. 118
  14. 10
  15. 13
  16. 10 rupees
  17. 66
  18. 20
  19. 63
  20. 4
  21. what buyers will pay
  22. a loss
  23. 10
  24. 68
  25. 50
  26. 25
  27. 26
  28. 11
  29. 10
  30. 24
  31. 11
  32. 6
  33. 100
  34. 24
  35. 100
  36. 12
  37. 102
  38. 10
  39. 5
  40. 15

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