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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 793 · 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 ₹50 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  3. 3.One friendship band costs ₹49 to make and Ishaan sells it for ₹98. What is the markup in percent?
  4. 4.One glass of chai costs ₹16 to make and Vihaan sells it for ₹20. What is the markup in percent?
  5. 5.One friendship band costs ₹30 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹42 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  8. 8.One cup of lemonade costs ₹50 to make and Joseph sells it for ₹55. What is the markup in percent?
  9. 9.One handmade card costs ₹42 to make and Farhan sells it for ₹63. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹12 to make and Kavya sells it for ₹15. What is the markup in percent?
  11. 11.One cupcake costs ₹40 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  13. 13.One cupcake costs ₹12 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One paper bookmark costs ₹51 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹44 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹20 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One cup of lemonade costs ₹20 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  19. 19.One friendship band costs ₹25 to make. Rohan adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One friendship band costs ₹16 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.One potted plant costs ₹28 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹45 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹47 to make and Joseph sells it for ₹94. What is the markup in percent?
  24. 24.One friendship band costs ₹15 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.One bag of popcorn costs ₹60 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  26. 26.One jute bag costs ₹12 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹20 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  28. 28.📉 A price below the cost leads to… (a) break-even (b) a loss (c) a profit (d) free stock
  29. 29.One handmade card costs ₹48 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹44 to make and Nisha sells it for ₹55. What is the markup in percent?
  31. 31.One jute bag costs ₹60 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹33 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One handmade card costs ₹12 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹23 to make and Meera sells it for ₹46. What is the markup in percent?
  35. 35.One friendship band costs ₹10 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One friendship band costs ₹40 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One bag of popcorn costs ₹34 to make and Kabir sells it for ₹51. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹60 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹55 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹30 to make. Dev adds a 10% markup. What is the selling price (in ₹)?

Answer key

  1. 5
  2. what buyers will pay
  3. 100
  4. 25
  5. 6
  6. 84
  7. cost + a markup
  8. 10
  9. 50
  10. 25
  11. 48
  12. 10 rupees
  13. 18
  14. 51
  15. 66
  16. 24
  17. 2
  18. 25
  19. 30
  20. 16
  21. 7
  22. 54
  23. 100
  24. 30
  25. 12
  26. 15
  27. 25
  28. a loss
  29. 48
  30. 25
  31. 75
  32. 66
  33. 3
  34. 100
  35. 11
  36. 50
  37. 50
  38. 66
  39. 11
  40. 33

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