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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 835 · 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 ₹10 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One glass of chai costs ₹25 to make and Arjun sells it for ₹30. What is the markup in percent?
  3. 3.One glass of chai costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  4. 4.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  5. 5.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  6. 6.One jute bag costs ₹42 to make and Diya sells it for ₹63. What is the markup in percent?
  7. 7.One painted pebble costs ₹28 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One friendship band costs ₹10 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹30 to make and Vihaan sells it for ₹33. What is the markup in percent?
  11. 11.One clay diya costs ₹28 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  12. 12.One fruit cup costs ₹35 to make and Ishaan sells it for ₹42. What is the markup in percent?
  13. 13.One potted plant costs ₹60 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹25 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs ₹54 to make and Ishaan sells it for ₹108. What is the markup in percent?
  16. 16.One potted plant costs ₹18 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  17. 17.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  18. 18.One jute bag costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  19. 19.One fruit cup costs ₹30 to make and Farhan sells it for ₹33. What is the markup in percent?
  20. 20.One potted plant costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  21. 21.One paper bookmark costs ₹19 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  22. 22.One glass of chai costs ₹50 to make. Kabir adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One painted pebble costs ₹10 to make and Saanvi sells it for ₹11. What is the markup in percent?
  24. 24.One glass of chai costs ₹28 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  25. 25.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  26. 26.One paper bookmark costs ₹28 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One fruit cup costs ₹40 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cupcake costs ₹40 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹24 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹30 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs ₹15 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹10 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹58 to make and Lakshmi sells it for ₹116. What is the markup in percent?
  35. 35.One handmade card costs ₹30 to make. Riya adds a 20% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹12 to make and Zoya sells it for ₹18. What is the markup in percent?
  37. 37.One cup of lemonade costs ₹11 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹28 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹28 to make and Gurpreet sells it for ₹35. What is the markup in percent?
  40. 40.One potted plant costs ₹35 to make. Dev adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 2
  2. 20
  3. 10
  4. cost + a markup
  5. a loss
  6. 50
  7. 7
  8. 1
  9. 4
  10. 10
  11. 56
  12. 20
  13. 6
  14. 5
  15. 100
  16. 9
  17. 10 rupees
  18. 66
  19. 10
  20. 10
  21. 38
  22. 55
  23. 10
  24. 35
  25. what buyers will pay
  26. 42
  27. 44
  28. 50
  29. 6
  30. 45
  31. 1
  32. 18
  33. 5
  34. 100
  35. 6
  36. 50
  37. 11
  38. 7
  39. 25
  40. 42

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