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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 774 · 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 clay diya costs ₹45 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹46 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  3. 3.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
  4. 4.One jute bag costs ₹15 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹48 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹25 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹16 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One glass of chai costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  10. 10.One fruit cup costs ₹12 to make. Farhan adds a 25% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹48 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One jute bag costs ₹30 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  13. 13.One glass of chai costs ₹50 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One potted plant costs ₹10 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹41 to make and Joseph sells it for ₹82. What is the markup in percent?
  16. 16.One cup of lemonade costs ₹25 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹26 to make and Ananya sells it for ₹39. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹60 to make and Dev sells it for ₹75. What is the markup in percent?
  19. 19.One painted pebble costs ₹40 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹17 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  21. 21.One bag of popcorn costs ₹25 to make and Nisha sells it for ₹30. What is the markup in percent?
  22. 22.One clay diya costs ₹22 to make and Aarav sells it for ₹44. What is the markup in percent?
  23. 23.One paper bookmark costs ₹36 to make and Ananya sells it for ₹45. What is the markup in percent?
  24. 24.One potted plant costs ₹60 to make and Nisha sells it for ₹66. What is the markup in percent?
  25. 25.One potted plant costs ₹60 to make. Ananya adds a 100% markup. What is the selling price (in ₹)?
  26. 26.One friendship band costs ₹50 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One jute bag costs ₹50 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One fruit cup costs ₹30 to make and Meera sells it for ₹33. What is the markup in percent?
  29. 29.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
  30. 30.One friendship band costs ₹50 to make and Riya sells it for ₹60. What is the markup in percent?
  31. 31.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  32. 32.One paper bookmark costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One jute bag costs ₹35 to make and Gurpreet sells it for ₹42. What is the markup in percent?
  34. 34.One potted plant costs ₹50 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹37 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹20 to make and Meera sells it for ₹22. What is the markup in percent?
  37. 37.One clay diya costs ₹30 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  38. 38.One clay diya costs ₹25 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cupcake costs ₹22 to make. Farhan adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One handmade card costs ₹40 to make and Tara sells it for ₹60. What is the markup in percent?

Answer key

  1. 90
  2. 92
  3. a loss
  4. 3
  5. 12
  6. 30
  7. 24
  8. 44
  9. 10 rupees
  10. 15
  11. 72
  12. 33
  13. 10
  14. 15
  15. 100
  16. 5
  17. 50
  18. 25
  19. 8
  20. 34
  21. 20
  22. 100
  23. 25
  24. 10
  25. 120
  26. 5
  27. 55
  28. 10
  29. what buyers will pay
  30. 20
  31. cost + a markup
  32. 18
  33. 20
  34. 55
  35. 37
  36. 10
  37. 33
  38. 5
  39. 33
  40. 50

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