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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 886 · 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 jute bag costs ₹60 to make and Ananya sells it for ₹72. What is the markup in percent?
  2. 2.One glass of chai costs ₹30 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One jute bag costs ₹35 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
  4. 4.One fruit cup costs ₹30 to make and Diya sells it for ₹36. What is the markup in percent?
  5. 5.One jute bag costs ₹26 to make. Vihaan adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One jute bag costs ₹30 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One paper bookmark costs ₹52 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹49 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  9. 9.One glass of chai costs ₹44 to make and Ishaan sells it for ₹55. What is the markup in percent?
  10. 10.One cup of lemonade costs ₹10 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.📉 A price below the cost leads to… (a) a loss (b) a profit (c) break-even (d) free stock
  12. 12.One clay diya costs ₹48 to make. Gurpreet adds a 50% markup. What is the selling price (in ₹)?
  13. 13.One jute bag costs ₹25 to make. Kavya adds a 20% markup. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹21 to make. Kavya adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One handmade card costs ₹35 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  16. 16.One cup of lemonade costs ₹60 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  17. 17.One bag of popcorn costs ₹52 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  18. 18.One paper bookmark costs ₹32 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  19. 19.One glass of chai costs ₹10 to make and Joseph sells it for ₹11. What is the markup in percent?
  20. 20.One fruit cup costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  21. 21.One cupcake costs ₹22 to make and Ananya sells it for ₹33. What is the markup in percent?
  22. 22.One fruit cup costs ₹54 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) copy a rival (d) cost + a markup
  24. 24.One clay diya costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
  25. 25.One handmade card costs ₹60 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  26. 26.One cupcake costs ₹10 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  27. 27.One clay diya costs ₹20 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  29. 29.One jute bag costs ₹18 to make and Gurpreet sells it for ₹27. What is the markup in percent?
  30. 30.One cup of lemonade costs ₹45 to make and Kavya sells it for ₹54. What is the markup in percent?
  31. 31.One cupcake costs ₹20 to make and Ananya sells it for ₹24. What is the markup in percent?
  32. 32.One friendship band costs ₹15 to make and Farhan sells it for ₹18. What is the markup in percent?
  33. 33.One jute bag costs ₹56 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  35. 35.One cup of lemonade costs ₹23 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  36. 36.One painted pebble costs ₹40 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  37. 37.One jute bag costs ₹20 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One cup of lemonade costs ₹50 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One clay diya costs ₹52 to make and Aarav sells it for ₹78. What is the markup in percent?
  40. 40.One jute bag costs ₹55 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?

Answer key

  1. 20
  2. 36
  3. 42
  4. 20
  5. 13
  6. 36
  7. 78
  8. 98
  9. 25
  10. 1
  11. a loss
  12. 72
  13. 5
  14. 21
  15. 7
  16. 75
  17. 65
  18. 8
  19. 10
  20. 10
  21. 50
  22. 54
  23. cost + a markup
  24. 20
  25. 72
  26. 1
  27. 24
  28. what buyers will pay
  29. 50
  30. 20
  31. 20
  32. 20
  33. 28
  34. 10 rupees
  35. 46
  36. 48
  37. 25
  38. 75
  39. 50
  40. 66

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