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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 765 · 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 ₹39 to make and Joseph sells it for ₹78. What is the markup in percent?
  2. 2.One paper bookmark costs ₹30 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  3. 3.One painted pebble costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹16 to make and Saanvi sells it for ₹24. What is the markup in percent?
  6. 6.One glass of chai costs ₹20 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One cup of lemonade costs ₹46 to make and Rohan sells it for ₹92. What is the markup in percent?
  8. 8.One glass of chai costs ₹10 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  9. 9.One fruit cup costs ₹46 to make and Kabir sells it for ₹69. What is the markup in percent?
  10. 10.One jute bag costs ₹45 to make. Saanvi adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹16 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  12. 12.One potted plant costs ₹52 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  13. 13.One clay diya costs ₹50 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹14 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹12 to make and Kabir sells it for ₹24. What is the markup in percent?
  16. 16.One painted pebble costs ₹10 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  18. 18.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
  19. 19.One fruit cup costs ₹52 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One paper bookmark costs ₹54 to make and Vihaan sells it for ₹108. What is the markup in percent?
  21. 21.One clay diya costs ₹40 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  23. 23.One handmade card costs ₹20 to make and Joseph sells it for ₹22. What is the markup in percent?
  24. 24.One paper bookmark costs ₹53 to make and Rohan sells it for ₹106. What is the markup in percent?
  25. 25.One jute bag costs ₹30 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One friendship band costs ₹30 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One glass of chai costs ₹52 to make and Rohan sells it for ₹65. What is the markup in percent?
  28. 28.One friendship band costs ₹10 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One handmade card costs ₹32 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One fruit cup costs ₹60 to make and Zoya sells it for ₹66. What is the markup in percent?
  32. 32.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  33. 33.One cup of lemonade costs ₹12 to make and Arjun sells it for ₹18. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹45 to make and Riya sells it for ₹54. What is the markup in percent?
  35. 35.One cup of lemonade costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
  37. 37.One painted pebble costs ₹48 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs ₹60 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹33 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹42 to make and Lakshmi sells it for ₹63. What is the markup in percent?

Answer key

  1. 100
  2. 33
  3. 3
  4. 3
  5. 50
  6. 25
  7. 100
  8. 2
  9. 50
  10. 54
  11. 8
  12. 65
  13. 60
  14. 21
  15. 100
  16. 2
  17. 48
  18. what buyers will pay
  19. 65
  20. 100
  21. 10
  22. 10 rupees
  23. 10
  24. 100
  25. 6
  26. 36
  27. 25
  28. 12
  29. 8
  30. 55
  31. 10
  32. cost + a markup
  33. 50
  34. 20
  35. 30
  36. 20
  37. 48
  38. 72
  39. 33
  40. 50

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