Total revenue equals
A) price × quantity sold.
B) profit - cost.
C) price.
D) quantity sold - cost.
E) cost × price.

Name: Total revenue equals A) price × quantity sold. B) profit - cost. C) price. D) quantity sold - cost. E) cost × price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total revenue is the amount of money a company earns from sales. It is calculated by multiplying the price per unit by the quantity sold. Therefore, the correct formula for total revenue is price × quantity sold, which is option A.

Total Revenue Equals