Revenue Formula Gcse Business

Revenue price x quantity sold or r p x q 11.

Revenue formula gcse business. Total revenue volume sold x average selling price. Revenue revenue is the income earned by a business over a period of time eg one month. A small sandwich shop pays rent of 10 000 per year on their premises. Formula this is the formula you need to calculate revenue.

Calculations ex1 ex2 ex3 ex4 ex5 price 7 000 0 36 7 99 25 21 999 quantity 25 1 000 56 150 9 answer use the revenue formula to calculate these examples. Total revenue can be calculated by this formula. A business that wants to increase revenue needs to either. Gross profit total revenue cost of sales for example a business produces bottled water.

Their insurance cost 3 000 and they. During the year they spend 15 000 on bread and 20 000 on sandwich fillings. In order to calculate gross profit a business will use the following formula.