answersLogoWhite

0

Total revenue is calculated by multiplying the price of the product sold by the quantity sold. PQ = R. Total profit is total revenue minus costs incurred. R-C = P

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is the formula for RevPar?

Revenue per available room (RevPar) is calculated by dividing total room revenue by the total number of rooms available for sale. The formula is: RevPar = Total Room Revenue / Total Number of Available Rooms.


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 is marginal revenue calculated and what factors influence its determination in a business setting?

Marginal revenue is calculated by subtracting the total revenue from the previous level of output from the total revenue from the current level of output. Factors that influence its determination in a business setting include pricing strategies, market demand, competition, and production costs.


What explains how revenue is determined?

The total amount of money brought in by sales.


How can one determine economic profit by analyzing a graph?

To determine economic profit by analyzing a graph, one can look at the intersection point of the total revenue and total cost curves. Economic profit is calculated by subtracting total costs from total revenue. If the total revenue is higher than total costs, there is economic profit. If total costs are higher, there is economic loss.


How can one determine the marginal revenue on a graph?

To determine the marginal revenue on a graph, you can find the slope of the revenue curve at a specific point. The marginal revenue is the change in total revenue that results from selling one additional unit of a product. It is calculated by finding the derivative of the revenue function.


total asset turnover?

total asset turnover shows how much revenue is contributed by assets of a company. a higher ratio implies higher revenue earned. it is calculated as follows:Total asset turnover = Revenue / Average total assetsAverage total assets = (Opening total assets + Closing total assets) / 2


How can one identify and calculate a budget deficit effectively?

To identify and calculate a budget deficit effectively, one should compare the total government spending to the total government revenue. If the spending exceeds the revenue, it indicates a budget deficit. The deficit amount can be calculated by subtracting the revenue from the spending.


How do you calculate total revenue?

To calculate total revenue you simply multiply the quantity by the price. Total revenue includes expenses; therefore, total revenue isn't the same as profit.


How can one determine and calculate economic profit in a business?

To determine economic profit in a business, subtract total costs (including both explicit and implicit costs) from total revenue. Economic profit is calculated by subtracting all costs, including opportunity costs, from total revenue.


How do you calculate total room revenue?

how do calculate total of rooms revenue


Profits is calculated by subtracting costs from what?

Profit is calculated by subtracting costs from revenue.