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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 858 · 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 fruit cup costs ₹11 to make. Riya adds a 100% markup. What is the selling price (in ₹)?
  2. 2.One friendship band costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  3. 3.One handmade card costs ₹50 to make and Dev sells it for ₹55. What is the markup in percent?
  4. 4.One handmade card costs ₹50 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One cup of lemonade costs ₹20 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹60 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One fruit cup costs ₹30 to make. Rohan adds a 10% markup. What is the profit on one (in ₹)?
  9. 9.One clay diya costs ₹40 to make and Kabir sells it for ₹60. What is the markup in percent?
  10. 10.One paper bookmark costs ₹26 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
  11. 11.One jute bag costs ₹28 to make and Ananya sells it for ₹42. What is the markup in percent?
  12. 12.One friendship band costs ₹32 to make and Arjun sells it for ₹48. What is the markup in percent?
  13. 13.One jute bag costs ₹19 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One friendship band costs ₹56 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
  15. 15.One painted pebble costs ₹32 to make and Farhan sells it for ₹48. What is the markup in percent?
  16. 16.One painted pebble costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  17. 17.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  18. 18.One fruit cup costs ₹16 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One clay diya costs ₹52 to make and Riya sells it for ₹104. What is the markup in percent?
  20. 20.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  21. 21.One cup of lemonade costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹25 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  23. 23.One clay diya costs ₹25 to make. Ananya adds a 100% markup. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹35 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  25. 25.One potted plant costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  26. 26.One glass of chai costs ₹26 to make and Saanvi sells it for ₹39. What is the markup in percent?
  27. 27.One friendship band costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  28. 28.One clay diya costs ₹25 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹53 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  30. 30.One bag of popcorn costs ₹39 to make and Ishaan sells it for ₹78. What is the markup in percent?
  31. 31.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 20 rupees (c) 5 rupees (d) 50 rupees
  32. 32.One jute bag costs ₹35 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  33. 33.📉 A price below the cost leads to… (a) free stock (b) a loss (c) a profit (d) break-even
  34. 34.One cupcake costs ₹60 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹20 to make and Riya sells it for ₹24. What is the markup in percent?
  37. 37.One bag of popcorn costs ₹30 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹21 to make and Aarav sells it for ₹42. What is the markup in percent?
  39. 39.One friendship band costs ₹31 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹20 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?

Answer key

  1. 22
  2. 20
  3. 10
  4. 5
  5. 22
  6. 5
  7. 66
  8. 3
  9. 50
  10. 52
  11. 50
  12. 50
  13. 38
  14. 70
  15. 50
  16. 10
  17. what buyers will pay
  18. 4
  19. 100
  20. cost + a markup
  21. 66
  22. 5
  23. 25
  24. 42
  25. 10
  26. 50
  27. 10
  28. 30
  29. 53
  30. 100
  31. 10 rupees
  32. 42
  33. a loss
  34. 66
  35. 2
  36. 20
  37. 3
  38. 100
  39. 31
  40. 10

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