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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 787 · 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. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  3. 3.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  4. 4.One potted plant costs ₹30 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  5. 5.One bag of popcorn costs ₹26 to make. Farhan adds a 100% markup. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs ₹16 to make. Lakshmi adds a 100% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹40 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  8. 8.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  9. 9.One potted plant costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One paper bookmark costs ₹25 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One cup of lemonade costs ₹40 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  12. 12.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  13. 13.One cupcake costs ₹10 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One cupcake costs ₹10 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  15. 15.One bag of popcorn costs ₹37 to make and Kavya sells it for ₹74. What is the markup in percent?
  16. 16.One handmade card costs ₹35 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One jute bag costs ₹12 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One potted plant costs ₹40 to make and Lakshmi sells it for ₹44. What is the markup in percent?
  19. 19.One friendship band costs ₹60 to make and Diya sells it for ₹72. What is the markup in percent?
  20. 20.One painted pebble costs ₹47 to make and Lakshmi sells it for ₹94. What is the markup in percent?
  21. 21.One handmade card costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹18 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  23. 23.One handmade card costs ₹52 to make and Dev sells it for ₹78. What is the markup in percent?
  24. 24.One handmade card costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One fruit cup costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One potted plant costs ₹20 to make. Nisha adds a 20% markup. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs ₹50 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One glass of chai costs ₹40 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One handmade card costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One potted plant costs ₹14 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One painted pebble costs ₹21 to make. Tara adds a 100% markup. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹56 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One paper bookmark costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One glass of chai costs ₹50 to make and Diya sells it for ₹55. What is the markup in percent?
  38. 38.One bag of popcorn costs ₹60 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹34 to make and Tara sells it for ₹51. What is the markup in percent?
  40. 40.One paper bookmark costs ₹50 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 5
  2. cost + a markup
  3. what buyers will pay
  4. 36
  5. 26
  6. 16
  7. 44
  8. 10 rupees
  9. 42
  10. 30
  11. 10
  12. a loss
  13. 12
  14. 12
  15. 100
  16. 42
  17. 15
  18. 10
  19. 20
  20. 100
  21. 9
  22. 27
  23. 50
  24. 11
  25. 1
  26. 15
  27. 4
  28. 60
  29. 50
  30. 33
  31. 7
  32. 21
  33. 14
  34. 3
  35. 33
  36. 18
  37. 10
  38. 12
  39. 50
  40. 60

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