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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 85 · 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 cupcake costs ₹60 to make and Rohan sells it for ₹66. What is the markup in percent?
  2. 2.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  3. 3.One cupcake costs ₹40 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One friendship band costs ₹48 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  5. 5.One cupcake costs ₹20 to make and Kavya sells it for ₹22. What is the markup in percent?
  6. 6.One cup of lemonade costs ₹60 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One jute bag costs ₹50 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One paper bookmark costs ₹20 to make and Tara sells it for ₹22. What is the markup in percent?
  9. 9.One painted pebble costs ₹10 to make and Nisha sells it for ₹11. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹53 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  11. 11.One cup of lemonade costs ₹44 to make and Kavya sells it for ₹88. What is the markup in percent?
  12. 12.One bag of popcorn costs ₹24 to make. Zoya adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  14. 14.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  15. 15.One handmade card costs ₹22 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹16 to make. Saanvi adds a 50% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹26 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One cupcake costs ₹34 to make and Saanvi sells it for ₹51. What is the markup in percent?
  19. 19.One glass of chai costs ₹35 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  20. 20.One clay diya costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) the weather only (d) what buyers will pay
  22. 22.One potted plant costs ₹16 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  23. 23.One handmade card costs ₹60 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹32 to make and Ananya sells it for ₹64. What is the markup in percent?
  25. 25.One bag of popcorn costs ₹15 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹22 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹20 to make and Ishaan sells it for ₹24. What is the markup in percent?
  28. 28.One paper bookmark costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  29. 29.One friendship band costs ₹30 to make and Ishaan sells it for ₹33. What is the markup in percent?
  30. 30.One paper bookmark costs ₹32 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹20 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One potted plant costs ₹35 to make and Aarav sells it for ₹42. What is the markup in percent?
  33. 33.One jute bag costs ₹20 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹15 to make and Diya sells it for ₹18. What is the markup in percent?
  35. 35.One friendship band costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  36. 36.One fruit cup costs ₹48 to make and Gurpreet sells it for ₹60. What is the markup in percent?
  37. 37.One clay diya costs ₹11 to make and Riya sells it for ₹22. What is the markup in percent?
  38. 38.One handmade card costs ₹60 to make. Ishaan adds a 20% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹60 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One clay diya costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 10
  2. cost + a markup
  3. 60
  4. 96
  5. 10
  6. 30
  7. 60
  8. 10
  9. 10
  10. 53
  11. 100
  12. 6
  13. a loss
  14. 10 rupees
  15. 11
  16. 24
  17. 13
  18. 50
  19. 42
  20. 3
  21. what buyers will pay
  22. 4
  23. 15
  24. 100
  25. 18
  26. 11
  27. 20
  28. 65
  29. 10
  30. 40
  31. 30
  32. 20
  33. 22
  34. 20
  35. 30
  36. 25
  37. 100
  38. 12
  39. 6
  40. 2

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