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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 84 · 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 ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
  2. 2.One jute bag costs ₹15 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One jute bag costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 20 rupees (c) 10 rupees (d) 50 rupees
  5. 5.One cup of lemonade costs ₹10 to make and Aarav sells it for ₹12. What is the markup in percent?
  6. 6.One handmade card costs ₹26 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One fruit cup costs ₹20 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  8. 8.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) nothing else (d) the weather only
  9. 9.📉 A price below the cost leads to… (a) a loss (b) free stock (c) a profit (d) break-even
  10. 10.One cupcake costs ₹40 to make and Ananya sells it for ₹44. What is the markup in percent?
  11. 11.One handmade card costs ₹60 to make and Ananya sells it for ₹72. What is the markup in percent?
  12. 12.One glass of chai costs ₹52 to make. Riya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  14. 14.One bag of popcorn costs ₹50 to make and Kabir sells it for ₹55. What is the markup in percent?
  15. 15.One cupcake costs ₹56 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One glass of chai costs ₹54 to make and Riya sells it for ₹81. What is the markup in percent?
  17. 17.One potted plant costs ₹50 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹30 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  19. 19.One glass of chai costs ₹30 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  20. 20.One cup of lemonade costs ₹10 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One fruit cup costs ₹40 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One fruit cup costs ₹22 to make and Rohan sells it for ₹33. What is the markup in percent?
  23. 23.One cupcake costs ₹25 to make and Kabir sells it for ₹30. What is the markup in percent?
  24. 24.One cupcake costs ₹20 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cupcake costs ₹42 to make and Aarav sells it for ₹63. What is the markup in percent?
  26. 26.One handmade card costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One paper bookmark costs ₹20 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One potted plant costs ₹10 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  29. 29.One cupcake costs ₹36 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹23 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
  31. 31.One handmade card costs ₹50 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹43 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  33. 33.One friendship band costs ₹15 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹14 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs ₹20 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One bag of popcorn costs ₹12 to make. Gurpreet adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹15 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One handmade card costs ₹15 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹30 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. 15
  3. 3
  4. 10 rupees
  5. 20
  6. 52
  7. 22
  8. what buyers will pay
  9. a loss
  10. 10
  11. 20
  12. 13
  13. cost + a markup
  14. 10
  15. 70
  16. 50
  17. 55
  18. 20
  19. 33
  20. 11
  21. 44
  22. 50
  23. 20
  24. 2
  25. 50
  26. 55
  27. 2
  28. 20
  29. 18
  30. 46
  31. 50
  32. 86
  33. 3
  34. 7
  35. 24
  36. 3
  37. 18
  38. 3
  39. 3
  40. 4

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