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What is the formula for revenue?
Revenue=selling price per unit×total costs\text{Revenue}=\text{selling price per unit}\times\text{total costs}Revenue=selling price per unit×total costs.
Revenue=selling price per unit×quantity sold\text{Revenue}=\text{selling price per unit}\times\text{quantity sold}Revenue=selling price per unit×quantity sold.
Revenue=profit per unit×quantity sold\text{Revenue}=\text{profit per unit}\times\text{quantity sold}Revenue=profit per unit×quantity sold.
Revenue=selling price per unit−quantity sold\text{Revenue}=\text{selling price per unit}-\text{quantity sold}Revenue=selling price per unit−quantity sold.
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Business revenue and costs Flashcards
23 flashcards on Eduqas A Level Business Business revenue and costs: the key terms, formulae and case studies you need to recall for Component 1, Component 2 and Component 3.