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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 887 · 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 ₹12 to make and Dev sells it for ₹24. What is the markup in percent?
  2. 2.One paper bookmark costs ₹36 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  3. 3.One glass of chai costs ₹10 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 20 rupees (d) 5 rupees
  5. 5.One clay diya costs ₹32 to make and Ishaan sells it for ₹40. What is the markup in percent?
  6. 6.One clay diya costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  7. 7.One potted plant costs ₹40 to make and Ishaan sells it for ₹48. What is the markup in percent?
  8. 8.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  9. 9.One glass of chai costs ₹15 to make and Meera sells it for ₹18. What is the markup in percent?
  10. 10.One painted pebble costs ₹20 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹50 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One potted plant costs ₹10 to make and Aarav sells it for ₹11. What is the markup in percent?
  13. 13.One friendship band costs ₹47 to make. Riya adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹40 to make and Rohan sells it for ₹48. What is the markup in percent?
  15. 15.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) your favourite number (c) the weather only (d) nothing else
  16. 16.One glass of chai costs ₹60 to make. Farhan adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹45 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
  18. 18.One friendship band costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  19. 19.One paper bookmark costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  21. 21.One potted plant costs ₹20 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹47 to make and Dev sells it for ₹94. What is the markup in percent?
  23. 23.One paper bookmark costs ₹60 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One handmade card costs ₹40 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One friendship band costs ₹36 to make and Meera sells it for ₹45. What is the markup in percent?
  26. 26.One clay diya costs ₹44 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹48 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹16 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  29. 29.One cupcake costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹25 to make. Aarav adds a 20% markup. What is the profit on one (in ₹)?
  31. 31.One bag of popcorn costs ₹60 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
  33. 33.One painted pebble costs ₹20 to make and Kavya sells it for ₹40. What is the markup in percent?
  34. 34.One jute bag costs ₹16 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  35. 35.One fruit cup costs ₹44 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  36. 36.One jute bag costs ₹28 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  37. 37.One paper bookmark costs ₹31 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹30 to make and Kavya sells it for ₹33. What is the markup in percent?
  39. 39.One jute bag costs ₹22 to make and Kabir sells it for ₹44. What is the markup in percent?
  40. 40.One jute bag costs ₹16 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?

Answer key

  1. 100
  2. 18
  3. 11
  4. 10 rupees
  5. 25
  6. 11
  7. 20
  8. a loss
  9. 20
  10. 2
  11. 55
  12. 10
  13. 47
  14. 20
  15. what buyers will pay
  16. 12
  17. 9
  18. 11
  19. 4
  20. 22
  21. 10
  22. 100
  23. 6
  24. 44
  25. 25
  26. 22
  27. 24
  28. 8
  29. 4
  30. 5
  31. 6
  32. cost + a markup
  33. 100
  34. 24
  35. 55
  36. 35
  37. 31
  38. 10
  39. 100
  40. 32

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