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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 870 · 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 friendship band costs ₹20 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One clay diya costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹50 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One cup of lemonade costs ₹24 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One painted pebble costs ₹14 to make and Vihaan sells it for ₹21. What is the markup in percent?
  6. 6.One clay diya costs ₹40 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One friendship band costs ₹30 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One handmade card costs ₹23 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One bag of popcorn costs ₹54 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One friendship band costs ₹40 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One clay diya costs ₹32 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹44 to make and Aarav sells it for ₹55. What is the markup in percent?
  13. 13.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) your favourite number (d) the weather only
  14. 14.One potted plant costs ₹28 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One friendship band costs ₹25 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  16. 16.One jute bag costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹60 to make and Vihaan sells it for ₹90. What is the markup in percent?
  18. 18.One jute bag costs ₹52 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs ₹15 to make. Tara adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.One fruit cup costs ₹50 to make and Riya sells it for ₹55. What is the markup in percent?
  21. 21.One bag of popcorn costs ₹20 to make and Ananya sells it for ₹22. What is the markup in percent?
  22. 22.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  23. 23.One painted pebble costs ₹55 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  24. 24.One cup of lemonade costs ₹20 to make and Gurpreet sells it for ₹25. What is the markup in percent?
  25. 25.One paper bookmark costs ₹20 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹20 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  27. 27.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 10 rupees (d) 20 rupees
  28. 28.📉 A price below the cost leads to… (a) a loss (b) break-even (c) a profit (d) free stock
  29. 29.One fruit cup costs ₹30 to make. Kavya adds a 10% markup. What is the selling price (in ₹)?
  30. 30.One friendship band costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  31. 31.One cup of lemonade costs ₹36 to make. Ishaan adds a 50% markup. What is the profit on one (in ₹)?
  32. 32.One handmade card costs ₹20 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  33. 33.One bag of popcorn costs ₹28 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  34. 34.One cup of lemonade costs ₹56 to make and Vihaan sells it for ₹112. What is the markup in percent?
  35. 35.One fruit cup costs ₹16 to make and Diya sells it for ₹32. What is the markup in percent?
  36. 36.One paper bookmark costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  37. 37.One fruit cup costs ₹30 to make and Kabir sells it for ₹33. What is the markup in percent?
  38. 38.One potted plant costs ₹20 to make. Diya adds a 25% markup. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹60 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹60 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 2
  2. 20
  3. 60
  4. 36
  5. 50
  6. 20
  7. 36
  8. 46
  9. 81
  10. 10
  11. 48
  12. 25
  13. what buyers will pay
  14. 28
  15. 30
  16. 3
  17. 50
  18. 13
  19. 3
  20. 10
  21. 10
  22. cost + a markup
  23. 66
  24. 25
  25. 10
  26. 30
  27. 10 rupees
  28. a loss
  29. 33
  30. 66
  31. 18
  32. 24
  33. 56
  34. 100
  35. 100
  36. 6
  37. 10
  38. 5
  39. 66
  40. 15

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