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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 771 · 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 ₹20 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹50 to make and Dev sells it for ₹75. What is the markup in percent?
  4. 4.One glass of chai costs ₹18 to make and Ishaan sells it for ₹27. What is the markup in percent?
  5. 5.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  6. 6.One clay diya costs ₹20 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹58 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  10. 10.One painted pebble costs ₹37 to make and Riya sells it for ₹74. What is the markup in percent?
  11. 11.One handmade card costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One friendship band costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹10 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One bag of popcorn costs ₹14 to make and Nisha sells it for ₹21. What is the markup in percent?
  16. 16.One glass of chai costs ₹48 to make and Nisha sells it for ₹72. What is the markup in percent?
  17. 17.One fruit cup costs ₹25 to make and Farhan sells it for ₹30. What is the markup in percent?
  18. 18.One handmade card costs ₹46 to make. Diya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹60 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One potted plant costs ₹22 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  21. 21.One clay diya costs ₹48 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  23. 23.One glass of chai costs ₹20 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One jute bag costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One cup of lemonade costs ₹16 to make and Saanvi sells it for ₹24. What is the markup in percent?
  26. 26.One paper bookmark costs ₹22 to make and Kavya sells it for ₹44. What is the markup in percent?
  27. 27.One paper bookmark costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹44 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹34 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One painted pebble costs ₹41 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹25 to make and Gurpreet sells it for ₹30. What is the markup in percent?
  32. 32.One handmade card costs ₹10 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  33. 33.One handmade card costs ₹26 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  34. 34.One handmade card costs ₹44 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs ₹10 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹20 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹30 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹10 to make and Kabir sells it for ₹11. What is the markup in percent?
  39. 39.One potted plant costs ₹40 to make and Kabir sells it for ₹44. What is the markup in percent?
  40. 40.One handmade card costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 4
  2. 20
  3. 50
  4. 50
  5. a loss
  6. 25
  7. 116
  8. cost + a markup
  9. 10 rupees
  10. 100
  11. 66
  12. 1
  13. 20
  14. 2
  15. 50
  16. 50
  17. 20
  18. 23
  19. 66
  20. 11
  21. 24
  22. what buyers will pay
  23. 4
  24. 55
  25. 50
  26. 100
  27. 13
  28. 66
  29. 17
  30. 82
  31. 20
  32. 5
  33. 39
  34. 11
  35. 12
  36. 25
  37. 3
  38. 10
  39. 10
  40. 33

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