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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 958 · 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 handmade card costs ₹40 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  2. 2.One bag of popcorn costs ₹15 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  3. 3.One bag of popcorn costs ₹28 to make and Saanvi sells it for ₹35. What is the markup in percent?
  4. 4.One jute bag costs ₹36 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One potted plant costs ₹50 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹34 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  7. 7.One fruit cup costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  8. 8.One clay diya costs ₹25 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One bag of popcorn costs ₹16 to make and Meera sells it for ₹20. What is the markup in percent?
  10. 10.One bag of popcorn costs ₹55 to make and Ananya sells it for ₹66. What is the markup in percent?
  11. 11.One handmade card costs ₹20 to make. Joseph adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One paper bookmark costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  13. 13.One handmade card costs ₹45 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
  14. 14.One potted plant costs ₹47 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.One fruit cup costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  16. 16.One fruit cup costs ₹55 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  17. 17.One painted pebble costs ₹14 to make and Saanvi sells it for ₹21. What is the markup in percent?
  18. 18.One glass of chai costs ₹44 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  19. 19.One friendship band costs ₹17 to make. Ishaan adds a 100% markup. What is the selling price (in ₹)?
  20. 20.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
  21. 21.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 5 rupees (c) 20 rupees (d) 50 rupees
  22. 22.One glass of chai costs ₹50 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
  23. 23.One glass of chai costs ₹14 to make and Ishaan sells it for ₹28. What is the markup in percent?
  24. 24.🤔 Besides cost, what should a price think about? (a) what buyers will pay (b) nothing else (c) the weather only (d) your favourite number
  25. 25.One cupcake costs ₹28 to make. Lakshmi adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One painted pebble costs ₹40 to make and Meera sells it for ₹50. What is the markup in percent?
  27. 27.One fruit cup costs ₹31 to make and Dev sells it for ₹62. What is the markup in percent?
  28. 28.One handmade card costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  29. 29.One potted plant costs ₹30 to make and Riya sells it for ₹33. What is the markup in percent?
  30. 30.One fruit cup costs ₹60 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹60 to make and Arjun sells it for ₹72. What is the markup in percent?
  33. 33.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  34. 34.One friendship band costs ₹60 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  35. 35.One painted pebble costs ₹16 to make. Aarav adds a 25% markup. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs ₹16 to make. Farhan adds a 50% markup. What is the profit on one (in ₹)?
  37. 37.One jute bag costs ₹15 to make and Nisha sells it for ₹18. What is the markup in percent?
  38. 38.One cup of lemonade costs ₹24 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  39. 39.One cupcake costs ₹55 to make. Dev adds a 20% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹52 to make. Farhan adds a 25% markup. What is the profit on one (in ₹)?

Answer key

  1. 4
  2. 18
  3. 25
  4. 45
  5. 5
  6. 17
  7. 33
  8. 25
  9. 25
  10. 20
  11. 30
  12. 10
  13. 54
  14. 47
  15. 44
  16. 11
  17. 50
  18. 66
  19. 34
  20. cost + a markup
  21. 10 rupees
  22. 60
  23. 100
  24. what buyers will pay
  25. 35
  26. 25
  27. 100
  28. 10
  29. 10
  30. 6
  31. 2
  32. 20
  33. a loss
  34. 72
  35. 4
  36. 8
  37. 20
  38. 36
  39. 66
  40. 13

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