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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 719 · 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 jute bag costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One cup of lemonade costs ₹35 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  3. 3.One potted plant costs ₹55 to make and Nisha sells it for ₹110. What is the markup in percent?
  4. 4.One handmade card costs ₹30 to make and Dev sells it for ₹33. What is the markup in percent?
  5. 5.One glass of chai costs ₹26 to make and Joseph sells it for ₹52. What is the markup in percent?
  6. 6.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  7. 7.One cupcake costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹40 to make and Dev sells it for ₹48. What is the markup in percent?
  9. 9.One cupcake costs ₹12 to make and Arjun sells it for ₹18. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹55 to make and Joseph sells it for ₹66. What is the markup in percent?
  11. 11.One friendship band costs ₹30 to make and Nisha sells it for ₹33. What is the markup in percent?
  12. 12.One paper bookmark costs ₹24 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One jute bag costs ₹26 to make and Diya sells it for ₹52. What is the markup in percent?
  14. 14.One painted pebble costs ₹48 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹10 to make and Meera sells it for ₹20. What is the markup in percent?
  16. 16.One friendship band costs ₹60 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One handmade card costs ₹20 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One paper bookmark costs ₹10 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹50 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  21. 21.One bag of popcorn costs ₹18 to make and Riya sells it for ₹27. What is the markup in percent?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 20 rupees (d) 5 rupees
  23. 23.One fruit cup costs ₹30 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  25. 25.One friendship band costs ₹14 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One cup of lemonade costs ₹54 to make and Saanvi sells it for ₹81. What is the markup in percent?
  27. 27.One potted plant costs ₹26 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹20 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹28 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹38 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹50 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹55 to make and Ishaan sells it for ₹110. What is the markup in percent?
  34. 34.One bag of popcorn costs ₹30 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One cup of lemonade costs ₹60 to make and Kabir sells it for ₹66. What is the markup in percent?
  36. 36.One potted plant costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹36 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.One handmade card costs ₹30 to make and Tara sells it for ₹33. What is the markup in percent?
  39. 39.One fruit cup costs ₹23 to make and Tara sells it for ₹46. What is the markup in percent?
  40. 40.One paper bookmark costs ₹60 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?

Answer key

  1. 55
  2. 7
  3. 100
  4. 10
  5. 100
  6. what buyers will pay
  7. 30
  8. 20
  9. 50
  10. 20
  11. 10
  12. 6
  13. 100
  14. 24
  15. 100
  16. 72
  17. 4
  18. 5
  19. 5
  20. cost + a markup
  21. 50
  22. 10 rupees
  23. 3
  24. a loss
  25. 7
  26. 50
  27. 39
  28. 22
  29. 7
  30. 3
  31. 38
  32. 55
  33. 100
  34. 45
  35. 10
  36. 1
  37. 18
  38. 10
  39. 100
  40. 75

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