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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 922 · 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 ₹30 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  2. 2.One jute bag costs ₹39 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  3. 3.One cup of lemonade costs ₹18 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  4. 4.One potted plant costs ₹10 to make. Farhan adds a 10% markup. What is the selling price (in ₹)?
  5. 5.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) nothing else (d) your favourite number
  6. 6.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) guess any price (d) cost − a markup
  7. 7.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 20 rupees (c) 10 rupees (d) 5 rupees
  8. 8.One jute bag costs ₹16 to make. Vihaan adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One jute bag costs ₹40 to make and Farhan sells it for ₹44. What is the markup in percent?
  10. 10.One fruit cup costs ₹16 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹29 to make and Kabir sells it for ₹58. What is the markup in percent?
  12. 12.One handmade card costs ₹10 to make and Riya sells it for ₹11. What is the markup in percent?
  13. 13.One cup of lemonade costs ₹19 to make. Dev adds a 100% markup. What is the selling price (in ₹)?
  14. 14.One bag of popcorn costs ₹10 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  15. 15.One friendship band costs ₹47 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  16. 16.📉 A price below the cost leads to… (a) a loss (b) break-even (c) free stock (d) a profit
  17. 17.One fruit cup costs ₹30 to make and Gurpreet sells it for ₹33. What is the markup in percent?
  18. 18.One clay diya costs ₹60 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  19. 19.One jute bag costs ₹40 to make. Kavya adds a 10% markup. What is the profit on one (in ₹)?
  20. 20.One cupcake costs ₹45 to make. Gurpreet adds a 20% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹42 to make and Gurpreet sells it for ₹63. What is the markup in percent?
  22. 22.One fruit cup costs ₹25 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One friendship band costs ₹24 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  24. 24.One cupcake costs ₹60 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹20 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  26. 26.One bag of popcorn costs ₹36 to make. Zoya adds a 50% markup. What is the selling price (in ₹)?
  27. 27.One jute bag costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One painted pebble costs ₹45 to make. Zoya adds a 20% markup. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹13 to make and Tara sells it for ₹26. What is the markup in percent?
  30. 30.One glass of chai costs ₹32 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One jute bag costs ₹10 to make and Ananya sells it for ₹11. What is the markup in percent?
  32. 32.One cupcake costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  33. 33.One handmade card costs ₹15 to make and Gurpreet sells it for ₹18. What is the markup in percent?
  34. 34.One handmade card costs ₹18 to make. Kabir adds a 100% markup. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹29 to make and Gurpreet sells it for ₹58. What is the markup in percent?
  36. 36.One cup of lemonade costs ₹32 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹48 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹30 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One paper bookmark costs ₹60 to make. Kavya adds a 50% markup. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹52 to make and Diya sells it for ₹78. What is the markup in percent?

Answer key

  1. 33
  2. 39
  3. 27
  4. 11
  5. what buyers will pay
  6. cost + a markup
  7. 10 rupees
  8. 16
  9. 10
  10. 4
  11. 100
  12. 10
  13. 38
  14. 20
  15. 47
  16. a loss
  17. 10
  18. 6
  19. 4
  20. 9
  21. 50
  22. 30
  23. 30
  24. 6
  25. 22
  26. 54
  27. 33
  28. 9
  29. 100
  30. 48
  31. 10
  32. 20
  33. 20
  34. 18
  35. 100
  36. 16
  37. 12
  38. 33
  39. 30
  40. 50

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