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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 868 · 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 painted pebble costs ₹10 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One handmade card costs ₹30 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One bag of popcorn costs ₹20 to make and Vihaan sells it for ₹22. What is the markup in percent?
  4. 4.🏷️ Cost-plus pricing means… (a) cost + a markup (b) copy a rival (c) cost − a markup (d) guess any price
  5. 5.One potted plant costs ₹46 to make and Gurpreet sells it for ₹92. What is the markup in percent?
  6. 6.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 50 rupees (c) 5 rupees (d) 10 rupees
  7. 7.One friendship band costs ₹40 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One painted pebble costs ₹50 to make. Riya adds a 10% markup. What is the selling price (in ₹)?
  9. 9.One fruit cup costs ₹40 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹54 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  11. 11.One handmade card costs ₹40 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  12. 12.One handmade card costs ₹15 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  13. 13.One handmade card costs ₹28 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  14. 14.One painted pebble costs ₹56 to make and Tara sells it for ₹70. What is the markup in percent?
  15. 15.One clay diya costs ₹50 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs ₹24 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  17. 17.One potted plant costs ₹10 to make and Ananya sells it for ₹12. What is the markup in percent?
  18. 18.One bag of popcorn costs ₹50 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
  19. 19.🤔 Besides cost, what should a price think about? (a) your favourite number (b) what buyers will pay (c) the weather only (d) nothing else
  20. 20.One cupcake costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹52 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  22. 22.One cup of lemonade costs ₹30 to make and Nisha sells it for ₹36. What is the markup in percent?
  23. 23.One jute bag costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One clay diya costs ₹24 to make and Ishaan sells it for ₹30. What is the markup in percent?
  25. 25.One cupcake costs ₹31 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One glass of chai costs ₹34 to make. Lakshmi adds a 100% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹40 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One bag of popcorn costs ₹55 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  29. 29.One fruit cup costs ₹40 to make and Nisha sells it for ₹50. What is the markup in percent?
  30. 30.One friendship band costs ₹20 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
  31. 31.📉 A price below the cost leads to… (a) break-even (b) a profit (c) a loss (d) free stock
  32. 32.One paper bookmark costs ₹10 to make and Ishaan sells it for ₹11. What is the markup in percent?
  33. 33.One painted pebble costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
  34. 34.One handmade card costs ₹30 to make. Arjun adds a 10% markup. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹48 to make and Joseph sells it for ₹60. What is the markup in percent?
  36. 36.One painted pebble costs ₹40 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  38. 38.One cupcake costs ₹42 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹55 to make and Rohan sells it for ₹110. What is the markup in percent?
  40. 40.One paper bookmark costs ₹27 to make and Rohan sells it for ₹54. What is the markup in percent?

Answer key

  1. 2
  2. 3
  3. 10
  4. cost + a markup
  5. 100
  6. 10 rupees
  7. 10
  8. 55
  9. 50
  10. 81
  11. 48
  12. 3
  13. 42
  14. 25
  15. 5
  16. 6
  17. 20
  18. 10
  19. what buyers will pay
  20. 3
  21. 65
  22. 20
  23. 24
  24. 25
  25. 31
  26. 68
  27. 44
  28. 66
  29. 25
  30. 25
  31. a loss
  32. 10
  33. 20
  34. 3
  35. 25
  36. 4
  37. 10
  38. 21
  39. 100
  40. 100

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