What a Business Is: The Basics · Lesson 1 · 3 minutes
Set the price
Identify the price of a single item.
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Sara's stall
Sara sells smoothies at a market. The selling price is £4.
What does a customer pay for one smoothie?
- £4
- £1
- £10
Answer: £4
Selling price is the money paid for one item.
One single cup
Price is the money for one item. It is not all the cash in the box.
Sara spends £1 on fruit for a cup. What is the selling price?
- £4
- £3
- £1
Answer: £4
Price is the tag on one item, not the money left after costs.
Complete the rule.
Selling price is the money for ___ item.
Answer: Selling price is the money for one item.
Selling price belongs to one single item.
Build what happens at Sara's stall.
Answer: £4 one smoothie
A price is what a customer gives for a product.
Put the sale in order.
Answer: Sara sets the price at £4 → A customer pays £4 → Sara hands over one smoothie
The seller sets the price, the buyer pays it, and gets the item.
What to remember
- Selling price is the money paid for one item.
- Price is what the customer pays, not what is left over.
Next in this course: Count your sales. It carries on in the Breni app.