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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 894 · 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 ₹53 to make and Saanvi sells it for ₹106. What is the markup in percent?
  2. 2.One clay diya costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  3. 3.One friendship band costs ₹20 to make. Diya adds a 20% markup. What is the profit on one (in ₹)?
  4. 4.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) the weather only (c) nothing else (d) your favourite number
  5. 5.One handmade card costs ₹31 to make and Kavya sells it for ₹62. What is the markup in percent?
  6. 6.One cupcake costs ₹30 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  8. 8.One cupcake costs ₹45 to make. Nisha adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹23 to make and Riya sells it for ₹46. What is the markup in percent?
  10. 10.One friendship band costs ₹50 to make and Farhan sells it for ₹55. What is the markup in percent?
  11. 11.One jute bag costs ₹35 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹32 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One potted plant costs ₹16 to make. Lakshmi adds a 25% markup. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost + a markup (d) cost − a markup
  15. 15.One friendship band costs ₹10 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs ₹50 to make. Nisha adds a 10% markup. What is the selling price (in ₹)?
  17. 17.One glass of chai costs ₹17 to make and Kavya sells it for ₹34. What is the markup in percent?
  18. 18.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  19. 19.One bag of popcorn costs ₹20 to make. Arjun adds a 25% markup. What is the selling price (in ₹)?
  20. 20.One glass of chai costs ₹45 to make and Kabir sells it for ₹54. What is the markup in percent?
  21. 21.One glass of chai costs ₹56 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  22. 22.One bag of popcorn costs ₹56 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  23. 23.One fruit cup costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹40 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs ₹48 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One jute bag costs ₹20 to make. Diya adds a 20% markup. What is the selling price (in ₹)?
  27. 27.One clay diya costs ₹14 to make and Vihaan sells it for ₹28. What is the markup in percent?
  28. 28.One painted pebble costs ₹60 to make. Meera adds a 50% markup. What is the selling price (in ₹)?
  29. 29.One painted pebble costs ₹50 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹54 to make and Farhan sells it for ₹81. What is the markup in percent?
  31. 31.One cupcake costs ₹40 to make and Farhan sells it for ₹50. What is the markup in percent?
  32. 32.One jute bag costs ₹30 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.One clay diya costs ₹34 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  34. 34.One paper bookmark costs ₹25 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One glass of chai costs ₹29 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs ₹10 to make. Aarav adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹40 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  38. 38.One fruit cup costs ₹36 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  40. 40.One potted plant costs ₹55 to make and Gurpreet sells it for ₹66. What is the markup in percent?

Answer key

  1. 100
  2. 4
  3. 4
  4. what buyers will pay
  5. 100
  6. 6
  7. 10 rupees
  8. 45
  9. 100
  10. 10
  11. 7
  12. 8
  13. 4
  14. cost + a markup
  15. 1
  16. 55
  17. 100
  18. a loss
  19. 25
  20. 20
  21. 56
  22. 28
  23. 6
  24. 4
  25. 60
  26. 24
  27. 100
  28. 90
  29. 5
  30. 50
  31. 25
  32. 3
  33. 34
  34. 30
  35. 29
  36. 5
  37. 48
  38. 45
  39. 3
  40. 20

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