Question

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what is "TOTAL REVENUE "? ​

Answer 1

Required Answer :-

: $\implies$ The Total revenue is the total income of a seller by selling goods and providing services to the customers. A fixed formula counts this revenue. Total revenue is the multiplication of goods price by the quantity of sold products.

• An example of total revenue is mentioned here. If a brand sells 10000 products of Rs. 5 for each, the total revenue is 50000(10000*5). Therefore, the concept of total revenue refers to the amount of money received by a brand on the sale of their product.

The formula of total Revenue are :-

• TR = Price × Quantity of output sold

Additional information :-

• In Accounting, revenue is that charge which is taken in exchange for some financial or other services and belongings. Revenue is also known as financial turnover. Some companies and industries charge revenue from interest and other fees. Revenue is earned during a specific period as a business income.

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Hope it's helps !!

Answer 2

Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It can be written as P × Q, which is the price of the goods multiplied by the quantity of the sold goods.