Grade 6 · Math · Lesson 34

Design a Mini-Business with Pricing

Imagine you are starting a tiny lemonade stand, sticker shop, or bracelet business. Before you sell anything, you have to decide on a price. Charge too little and you lose money on every cup. Charge too much and nobody buys. In this lesson you will use the math behind real businesses — cost, markup, profit, break-even, and profit margin — to set smart prices and predict whether your mini-business will actually make money.

What this lesson teaches

1Calculate the unit cost and selling price of a product using markup
2Compute profit per item and total profit from sales data
3Determine the break-even point where revenue equals total cost
4Compare pricing strategies using profit margin as a percentage

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