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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 804 · 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 paper bookmark costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  3. 3.One painted pebble costs ₹25 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One glass of chai costs ₹18 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹50 to make and Joseph sells it for ₹100. What is the markup in percent?
  6. 6.One cupcake costs ₹10 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  7. 7.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) your favourite number (d) nothing else
  8. 8.One jute bag costs ₹42 to make and Nisha sells it for ₹84. What is the markup in percent?
  9. 9.One fruit cup costs ₹14 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One handmade card costs ₹24 to make and Lakshmi sells it for ₹30. What is the markup in percent?
  11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
  12. 12.One painted pebble costs ₹18 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  13. 13.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  14. 14.One clay diya costs ₹24 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One fruit cup costs ₹56 to make and Joseph sells it for ₹70. What is the markup in percent?
  16. 16.One paper bookmark costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹60 to make and Gurpreet sells it for ₹72. What is the markup in percent?
  18. 18.One friendship band costs ₹45 to make and Ananya sells it for ₹54. What is the markup in percent?
  19. 19.One clay diya costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  20. 20.One glass of chai costs ₹50 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹10 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹10 to make and Tara sells it for ₹11. What is the markup in percent?
  23. 23.One cup of lemonade costs ₹15 to make. Joseph adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One friendship band costs ₹30 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹30 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs ₹50 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹14 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One clay diya costs ₹30 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹10 to make and Saanvi sells it for ₹12. What is the markup in percent?
  31. 31.One handmade card costs ₹50 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹38 to make and Nisha sells it for ₹57. What is the markup in percent?
  33. 33.One bag of popcorn costs ₹34 to make and Arjun sells it for ₹51. What is the markup in percent?
  34. 34.One cup of lemonade costs ₹45 to make and Rohan sells it for ₹54. What is the markup in percent?
  35. 35.One handmade card costs ₹40 to make and Rohan sells it for ₹48. What is the markup in percent?
  36. 36.One fruit cup costs ₹39 to make and Meera sells it for ₹78. What is the markup in percent?
  37. 37.One fruit cup costs ₹40 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One cupcake costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  39. 39.One glass of chai costs ₹28 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One glass of chai costs ₹32 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?

Answer key

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

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