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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 728 · 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 ₹24 to make and Dev sells it for ₹30. What is the markup in percent?
  2. 2.One clay diya costs ₹40 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹36 to make. Joseph adds a 25% markup. What is the selling price (in ₹)?
  4. 4.One bag of popcorn costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  5. 5.One handmade card costs ₹26 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹38 to make and Lakshmi sells it for ₹57. What is the markup in percent?
  7. 7.One jute bag costs ₹16 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹20 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  9. 9.One cup of lemonade costs ₹16 to make and Riya sells it for ₹24. What is the markup in percent?
  10. 10.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  11. 11.One clay diya costs ₹16 to make and Aarav sells it for ₹20. What is the markup in percent?
  12. 12.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  13. 13.One fruit cup costs ₹16 to make and Vihaan sells it for ₹20. What is the markup in percent?
  14. 14.One fruit cup costs ₹40 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  15. 15.One potted plant costs ₹16 to make and Saanvi sells it for ₹20. What is the markup in percent?
  16. 16.One bag of popcorn costs ₹40 to make and Arjun sells it for ₹44. What is the markup in percent?
  17. 17.📉 A price below the cost leads to… (a) free stock (b) a loss (c) break-even (d) a profit
  18. 18.One bag of popcorn costs ₹56 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One potted plant costs ₹52 to make and Meera sells it for ₹78. What is the markup in percent?
  20. 20.One jute bag costs ₹48 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹24 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One potted plant costs ₹46 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 5 rupees (d) 50 rupees
  25. 25.One jute bag costs ₹28 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One potted plant costs ₹40 to make and Joseph sells it for ₹50. What is the markup in percent?
  27. 27.One handmade card costs ₹28 to make and Ishaan sells it for ₹35. What is the markup in percent?
  28. 28.One cup of lemonade costs ₹24 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹46 to make and Ananya sells it for ₹92. What is the markup in percent?
  30. 30.One clay diya costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹50 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹15 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹55 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹38 to make and Diya sells it for ₹76. What is the markup in percent?
  35. 35.One fruit cup costs ₹44 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹60 to make and Tara sells it for ₹72. What is the markup in percent?
  37. 37.One cupcake costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One paper bookmark costs ₹20 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹15 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One painted pebble costs ₹20 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 25
  2. 4
  3. 45
  4. 10
  5. 13
  6. 50
  7. 20
  8. 24
  9. 50
  10. cost + a markup
  11. 25
  12. what buyers will pay
  13. 25
  14. 44
  15. 25
  16. 10
  17. a loss
  18. 28
  19. 50
  20. 12
  21. 48
  22. 23
  23. 1
  24. 10 rupees
  25. 14
  26. 25
  27. 25
  28. 12
  29. 100
  30. 48
  31. 75
  32. 18
  33. 11
  34. 100
  35. 11
  36. 20
  37. 11
  38. 5
  39. 18
  40. 22

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