answersLogoWhite

0


Best Answer

Total revenue equals the sale price of products multiplued by the total amount of units sold

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the formula for Total Revenue and Total Cost?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Accounting

What is the formula for Net Operating Margin in Excel?

=(total revenue- total expenditures)/revenue. you get a percentage.


What is the profit if total revenue is 3000 cost of goods 1500 and total selling expenses are 500?

What would profit be is revenue is $3000, cost of goods are $1500 and expenses are $500


If total Revenue is 3000 Cost of Goods is 1500 and total Selling Expense is 500 what is the Profit for the business?

If total revenue is 3000, the cost of goods is 1500, and total selling expense is 500 then the profit made is 1000.


How is revenue in percentage of completion method computed?

Revenue is calculated as a percent of the total contract revenue according to the percent of completion. The percent of completion as calculated as the incurred costs up to the end of the reporting period to the total estimated cost for the contract. Simply it is : Incurred costs up to date ــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ X Total Contract Revenue Total Estimated cost


How do you calculate total gross profit?

Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue

Related questions

What is the formula to find the marginal cost?

Marginal Cost = Marginal Revenue, or the derivative of the Total Revenue, which is price x quantity.


What is the formula for calculating total cost?

well if your talking about the total cost in economics, than it would be profit=TC-TR TR- total revenue TC- Total cost


Total revenue and total cost curves?

total cost= total revenue, it is the same thing in different name.


What is the formula for Net Operating Margin in Excel?

=(total revenue- total expenditures)/revenue. you get a percentage.


How do you calculate marginal revenue cost by math and graphically and marginal in general?

Profit=Total revenue - Total cost


Profit maximization using Total revenue and Total cost approach?

level of output to look at the total revenue and total cost curve directly


Why total revenue equal to total cost?

No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).


How do you get the total revenue?

Total sales - Cost of goods sold = Revenue


What is the ideal beverage cost formula?

Cost of Opening inventory-Cost of Closing Inventory Divided by Total Revenue, Multiply by 100. Individual Beverage cost is. Cost of beverage, divided by actual selling price.


Formula for net revenue?

asset -cost of goods sold


What is the formula to get the MR in economics?

Marginal Revenue (MR) = Change in Total Revenue / Change in Q


What is the formula for RevPar?

Rev PAR= Total Room Revenue/ Total No. Of Rooms.