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Entrepreneurship Worksheet: Pricing with a Markup

Entrepreneurship lesson 12: Pricing with a markup · Set 994 · 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 ₹25 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  2. 2.One friendship band costs ₹10 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
  3. 3.One paper bookmark costs ₹40 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.One painted pebble costs ₹18 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  5. 5.One jute bag costs ₹46 to make. Ananya adds a 50% markup. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹30 to make. Meera adds a 20% markup. What is the selling price (in ₹)?
  7. 7.One glass of chai costs ₹20 to make. Ishaan adds a 10% markup. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival
  9. 9.One clay diya costs ₹58 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  10. 10.One glass of chai costs ₹30 to make and Meera sells it for ₹45. What is the markup in percent?
  11. 11.One bag of popcorn costs ₹36 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  12. 12.One painted pebble costs ₹30 to make and Saanvi sells it for ₹33. What is the markup in percent?
  13. 13.One paper bookmark costs ₹54 to make and Vihaan sells it for ₹81. What is the markup in percent?
  14. 14.One bag of popcorn costs ₹44 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
  15. 15.One potted plant costs ₹60 to make. Saanvi adds a 25% markup. What is the selling price (in ₹)?
  16. 16.One cup of lemonade costs ₹40 to make. Ananya adds a 10% markup. What is the profit on one (in ₹)?
  17. 17.One glass of chai costs ₹50 to make. Kavya adds a 50% markup. What is the selling price (in ₹)?
  18. 18.One glass of chai costs ₹38 to make and Saanvi sells it for ₹57. What is the markup in percent?
  19. 19.One cupcake costs ₹16 to make. Kavya adds a 25% markup. What is the selling price (in ₹)?
  20. 20.📉 A price below the cost leads to… (a) break-even (b) free stock (c) a profit (d) a loss
  21. 21.One cupcake costs ₹14 to make. Lakshmi adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One paper bookmark costs ₹40 to make. Meera adds a 100% markup. What is the profit on one (in ₹)?
  23. 23.One potted plant costs ₹20 to make. Lakshmi adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹30 to make. Vihaan adds a 10% markup. What is the selling price (in ₹)?
  25. 25.One glass of chai costs ₹59 to make. Rohan adds a 100% markup. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹40 to make. Gurpreet adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.One cupcake costs ₹20 to make. Joseph adds a 10% markup. What is the selling price (in ₹)?
  28. 28.One cup of lemonade costs ₹48 to make and Gurpreet sells it for ₹96. What is the markup in percent?
  29. 29.One paper bookmark costs ₹52 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  30. 30.One jute bag costs ₹34 to make and Joseph sells it for ₹68. What is the markup in percent?
  31. 31.One handmade card costs ₹16 to make. Arjun adds a 50% markup. What is the selling price (in ₹)?
  32. 32.One fruit cup costs ₹56 to make. Dev adds a 25% markup. What is the selling price (in ₹)?
  33. 33.One cupcake costs ₹16 to make. Kavya adds a 25% markup. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹24 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  35. 35.One potted plant costs ₹37 to make. Arjun adds a 100% markup. What is the selling price (in ₹)?
  36. 36.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 5 rupees (c) 20 rupees (d) 10 rupees
  37. 37.One clay diya costs ₹20 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹10 to make and Lakshmi sells it for ₹12. What is the markup in percent?
  39. 39.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) what buyers will pay (d) your favourite number
  40. 40.One bag of popcorn costs ₹30 to make. Riya adds a 10% markup. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. 15
  3. 4
  4. 27
  5. 23
  6. 36
  7. 2
  8. cost + a markup
  9. 87
  10. 50
  11. 54
  12. 10
  13. 50
  14. 11
  15. 75
  16. 4
  17. 75
  18. 50
  19. 20
  20. a loss
  21. 7
  22. 40
  23. 4
  24. 33
  25. 59
  26. 40
  27. 22
  28. 100
  29. 65
  30. 100
  31. 24
  32. 70
  33. 4
  34. 48
  35. 74
  36. 10 rupees
  37. 5
  38. 20
  39. what buyers will pay
  40. 3

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