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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 981 · 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 clay diya costs ₹12 to make and Tara sells it for ₹15. What is the markup in percent?
  2. 2.One handmade card costs ₹56 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
  3. 3.One glass of chai costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
  4. 4.One jute bag costs ₹16 to make. Tara adds a 25% markup. What is the selling price (in ₹)?
  5. 5.One clay diya costs ₹10 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  6. 6.One bag of popcorn costs ₹48 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
  7. 7.One painted pebble costs ₹38 to make and Rohan sells it for ₹57. What is the markup in percent?
  8. 8.One handmade card costs ₹11 to make. Zoya adds a 100% markup. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs ₹20 to make and Diya sells it for ₹24. What is the markup in percent?
  10. 10.One glass of chai costs ₹20 to make and Diya sells it for ₹22. What is the markup in percent?
  11. 11.One handmade card costs ₹30 to make. Gurpreet adds a 10% markup. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹50 to make and Gurpreet sells it for ₹55. What is the markup in percent?
  13. 13.One cupcake costs ₹44 to make. Rohan adds a 25% markup. What is the selling price (in ₹)?
  14. 14.One clay diya costs ₹45 to make and Dev sells it for ₹54. What is the markup in percent?
  15. 15.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost − a markup (d) cost + a markup
  16. 16.One painted pebble costs ₹50 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One cup of lemonade costs ₹12 to make and Meera sells it for ₹18. What is the markup in percent?
  18. 18.One handmade card costs ₹60 to make and Dev sells it for ₹120. What is the markup in percent?
  19. 19.One glass of chai costs ₹60 to make. Dev adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.One paper bookmark costs ₹40 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  21. 21.One painted pebble costs ₹20 to make. Vihaan adds a 10% markup. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹34 to make and Kavya sells it for ₹51. What is the markup in percent?
  23. 23.One clay diya costs ₹40 to make and Nisha sells it for ₹48. What is the markup in percent?
  24. 24.One cup of lemonade costs ₹20 to make. Kabir adds a 10% markup. What is the profit on one (in ₹)?
  25. 25.🧮 A 50% markup on a ₹20 cost adds… (a) 5 rupees (b) 50 rupees (c) 20 rupees (d) 10 rupees
  26. 26.One friendship band costs ₹20 to make. Tara adds a 25% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
  28. 28.One glass of chai costs ₹10 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.One fruit cup costs ₹28 to make. Nisha adds a 25% markup. What is the profit on one (in ₹)?
  30. 30.One cupcake costs ₹12 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  31. 31.One cupcake costs ₹16 to make. Gurpreet adds a 25% markup. What is the selling price (in ₹)?
  32. 32.One paper bookmark costs ₹60 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹48 to make. Tara adds a 50% markup. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹12 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  35. 35.One painted pebble costs ₹30 to make and Diya sells it for ₹33. What is the markup in percent?
  36. 36.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  37. 37.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
  38. 38.One handmade card costs ₹60 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  39. 39.One handmade card costs ₹10 to make. Dev adds a 50% markup. What is the selling price (in ₹)?
  40. 40.One cup of lemonade costs ₹50 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 25
  2. 70
  3. 10
  4. 20
  5. 11
  6. 96
  7. 50
  8. 11
  9. 20
  10. 10
  11. 3
  12. 10
  13. 55
  14. 20
  15. cost + a markup
  16. 5
  17. 50
  18. 100
  19. 15
  20. 4
  21. 2
  22. 50
  23. 20
  24. 2
  25. 10 rupees
  26. 5
  27. 10
  28. 1
  29. 7
  30. 18
  31. 20
  32. 15
  33. 24
  34. 100
  35. 10
  36. a loss
  37. what buyers will pay
  38. 66
  39. 15
  40. 5

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