Today, we're diving into the exciting world of setting prices for your business. Let's learn how to make sure you're making a profit! Whether you're running a lemonade stand or selling any other product, knowing how to price your items is key to running a successful business.

In this video, you’ll learn:

Understanding Costs - How to calculate the total cost of making or buying your product.

Competitive Pricing - Checking what others are charging for similar products.

Calculating Profit - How to determine your profit by subtracting costs from your selling price.

Importance of Profit - Why making a profit is essential for a successful business.