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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 975 · 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 ₹10 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  2. 2.One paper bookmark costs ₹60 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs ₹23 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  4. 4.One clay diya costs ₹30 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  5. 5.One potted plant costs ₹36 to make and Rohan sells it for ₹45. What is the markup in percent?
  6. 6.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) copy a rival (d) cost − a markup
  7. 7.One cupcake costs ₹16 to make. Saanvi adds a 25% markup. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹24 to make and Arjun sells it for ₹30. What is the markup in percent?
  9. 9.One painted pebble costs ₹56 to make and Lakshmi sells it for ₹70. What is the markup in percent?
  10. 10.One clay diya costs ₹45 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  11. 11.One potted plant costs ₹10 to make. Aarav adds a 10% markup. What is the selling price (in ₹)?
  12. 12.One bag of popcorn costs ₹60 to make. Vihaan adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.One cupcake costs ₹54 to make and Meera sells it for ₹81. What is the markup in percent?
  14. 14.One handmade card costs ₹40 to make and Tara sells it for ₹44. What is the markup in percent?
  15. 15.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  16. 16.One jute bag costs ₹55 to make and Kavya sells it for ₹66. What is the markup in percent?
  17. 17.One glass of chai costs ₹38 to make. Joseph adds a 50% markup. What is the profit on one (in ₹)?
  18. 18.One fruit cup costs ₹50 to make. Riya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One friendship band costs ₹31 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
  20. 20.One jute bag costs ₹60 to make. Ishaan adds a 25% markup. What is the selling price (in ₹)?
  21. 21.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  22. 22.One bag of popcorn costs ₹23 to make and Aarav sells it for ₹46. What is the markup in percent?
  23. 23.One glass of chai costs ₹30 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One painted pebble costs ₹18 to make and Rohan sells it for ₹36. What is the markup in percent?
  25. 25.One painted pebble costs ₹52 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  26. 26.One handmade card costs ₹10 to make and Vihaan sells it for ₹11. What is the markup in percent?
  27. 27.One cupcake costs ₹24 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  28. 28.🤔 Besides cost, what should a price think about? (a) nothing else (b) what buyers will pay (c) the weather only (d) your favourite number
  29. 29.One potted plant costs ₹40 to make. Ananya adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹32 to make. Ishaan adds a 25% markup. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹50 to make and Saanvi sells it for ₹55. What is the markup in percent?
  32. 32.One handmade card costs ₹49 to make and Riya sells it for ₹98. What is the markup in percent?
  33. 33.One potted plant costs ₹45 to make. Rohan adds a 20% markup. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs ₹50 to make. Ananya adds a 20% markup. What is the profit on one (in ₹)?
  35. 35.One painted pebble costs ₹60 to make. Dev adds a 10% markup. What is the selling price (in ₹)?
  36. 36.One cup of lemonade costs ₹20 to make and Aarav sells it for ₹24. What is the markup in percent?
  37. 37.One glass of chai costs ₹60 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  38. 38.One bag of popcorn costs ₹10 to make. Lakshmi adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One potted plant costs ₹44 to make. Riya adds a 25% markup. What is the selling price (in ₹)?
  40. 40.One jute bag costs ₹45 to make and Rohan sells it for ₹54. What is the markup in percent?

Answer key

  1. 15
  2. 15
  3. 46
  4. 3
  5. 25
  6. cost + a markup
  7. 4
  8. 25
  9. 25
  10. 54
  11. 11
  12. 15
  13. 50
  14. 10
  15. 10 rupees
  16. 20
  17. 19
  18. 25
  19. 62
  20. 75
  21. a loss
  22. 100
  23. 6
  24. 100
  25. 65
  26. 10
  27. 30
  28. what buyers will pay
  29. 10
  30. 8
  31. 10
  32. 100
  33. 9
  34. 10
  35. 66
  36. 20
  37. 75
  38. 11
  39. 55
  40. 20

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