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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 855 · 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 ₹28 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  2. 2.One jute bag costs ₹21 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹60 to make and Joseph sells it for ₹66. What is the markup in percent?
  4. 4.One cup of lemonade costs ₹30 to make and Joseph sells it for ₹33. What is the markup in percent?
  5. 5.One friendship band costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One potted plant costs ₹20 to make and Riya sells it for ₹22. What is the markup in percent?
  7. 7.One painted pebble costs ₹36 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  9. 9.One handmade card costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹20 to make and Kabir sells it for ₹30. What is the markup in percent?
  11. 11.One clay diya costs ₹10 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  13. 13.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  14. 14.One bag of popcorn costs ₹28 to make and Ananya sells it for ₹35. What is the markup in percent?
  15. 15.One bag of popcorn costs ₹28 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  16. 16.One clay diya costs ₹10 to make and Meera sells it for ₹11. What is the markup in percent?
  17. 17.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  18. 18.One handmade card costs ₹19 to make. Joseph adds a 100% markup. What is the profit on one (in ₹)?
  19. 19.One cupcake costs ₹40 to make and Joseph sells it for ₹44. What is the markup in percent?
  20. 20.One cup of lemonade costs ₹50 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  21. 21.One jute bag costs ₹16 to make and Meera sells it for ₹24. What is the markup in percent?
  22. 22.One paper bookmark costs ₹30 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  23. 23.One fruit cup costs ₹24 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One friendship band costs ₹11 to make and Ananya sells it for ₹22. What is the markup in percent?
  25. 25.One painted pebble costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹10 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  27. 27.One cup of lemonade costs ₹30 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs ₹30 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹10 to make and Kavya sells it for ₹11. What is the markup in percent?
  30. 30.One handmade card costs ₹14 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  31. 31.One clay diya costs ₹50 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  32. 32.One jute bag costs ₹20 to make. Diya adds a 10% markup. What is the selling price (in ₹)?
  33. 33.One cup of lemonade costs ₹40 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  34. 34.One clay diya costs ₹36 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹16 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One glass of chai costs ₹20 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  37. 37.One cup of lemonade costs ₹30 to make and Lakshmi sells it for ₹45. What is the markup in percent?
  38. 38.One painted pebble costs ₹52 to make and Riya sells it for ₹65. What is the markup in percent?
  39. 39.One clay diya costs ₹17 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  40. 40.One cupcake costs ₹55 to make and Vihaan sells it for ₹110. What is the markup in percent?

Answer key

  1. 14
  2. 21
  3. 10
  4. 10
  5. 11
  6. 10
  7. 45
  8. cost + a markup
  9. 6
  10. 50
  11. 1
  12. 10 rupees
  13. what buyers will pay
  14. 25
  15. 7
  16. 10
  17. a loss
  18. 19
  19. 10
  20. 60
  21. 50
  22. 33
  23. 30
  24. 100
  25. 72
  26. 11
  27. 15
  28. 36
  29. 10
  30. 14
  31. 60
  32. 22
  33. 44
  34. 9
  35. 32
  36. 22
  37. 50
  38. 25
  39. 34
  40. 100

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