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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 846 · 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 glass of chai costs ₹30 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One bag of popcorn costs ₹56 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  4. 4.One potted plant costs ₹56 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs ₹60 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.One painted pebble costs ₹15 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹16 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  8. 8.One jute bag costs ₹24 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  9. 9.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  10. 10.One friendship band costs ₹50 to make and Ananya sells it for ₹75. What is the markup in percent?
  11. 11.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) what buyers will pay (d) your favourite number
  12. 12.One potted plant costs ₹10 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
  13. 13.One handmade card costs ₹50 to make and Tara sells it for ₹55. What is the markup in percent?
  14. 14.One friendship band costs ₹60 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One clay diya costs ₹60 to make. Kabir adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹60 to make. Vihaan adds a 20% markup. What is the selling price (in ₹)?
  17. 17.One clay diya costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  18. 18.One cup of lemonade costs ₹20 to make and Farhan sells it for ₹25. What is the markup in percent?
  19. 19.One fruit cup costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
  21. 21.One potted plant costs ₹59 to make and Kavya sells it for ₹118. What is the markup in percent?
  22. 22.One handmade card costs ₹10 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹30 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  24. 24.One paper bookmark costs ₹20 to make and Nisha sells it for ₹22. What is the markup in percent?
  25. 25.One jute bag costs ₹30 to make and Lakshmi sells it for ₹36. What is the markup in percent?
  26. 26.One potted plant costs ₹40 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  27. 27.One painted pebble costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  29. 29.One handmade card costs ₹28 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One friendship band costs ₹40 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹28 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  33. 33.One painted pebble costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  34. 34.One glass of chai costs ₹60 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs ₹12 to make and Nisha sells it for ₹15. What is the markup in percent?
  36. 36.One friendship band costs ₹24 to make and Rohan sells it for ₹48. What is the markup in percent?
  37. 37.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  38. 38.One jute bag costs ₹50 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One bag of popcorn costs ₹16 to make and Tara sells it for ₹24. What is the markup in percent?
  40. 40.One jute bag costs ₹57 to make and Dev sells it for ₹114. What is the markup in percent?

Answer key

  1. 60
  2. 56
  3. cost + a markup
  4. 14
  5. 12
  6. 3
  7. 20
  8. 36
  9. 10 rupees
  10. 50
  11. what buyers will pay
  12. 12
  13. 10
  14. 15
  15. 75
  16. 72
  17. 66
  18. 25
  19. 3
  20. 10
  21. 100
  22. 1
  23. 33
  24. 10
  25. 20
  26. 50
  27. 2
  28. 10
  29. 7
  30. 4
  31. 56
  32. 10
  33. 10
  34. 30
  35. 25
  36. 100
  37. a loss
  38. 55
  39. 50
  40. 100

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