The money that a business receives from the sale of a product, which is calculated as the price of the good times the quantity sold, is known as:
A) profit.
B) sales.
C) margin.
D) total revenue.

Question

Quizplus · Accepted Answer

Total revenue in a business context is the total amount of money generated from the sale of goods or services, calculated as the price per unit times the number of units sold. This is distinct from profit, which is revenue minus expenses, margin, which relates to the difference between the selling price and the cost of the goods sold, and sales, which generally refers to the act of selling or the aggregate of transactions.

The Money That a Business Receives from the Sale of a Product