Total revenue is equal to the price of a product multiplied by the number of units of the product sold. Hence none of the given two options are correct.
Total revenue or gross profit is the total amount of money a company brings in from selling its goods and services. It determines how well a company is bringing in money from its core operations based on demand and price.
The sum of your recurring (MRR) and non-recurring revenue sources is your total revenue, commonly referred to as gross revenue. In other words, it's the entire revenue generated by the sale of your company's goods and services.
For instance, your total income would be the sum of the money you made from the monthly subscriptions plus the consulting services if you were a SaaS (Software as a service) firm that offered monthly packages in addition to ad- hoc services like consulting. The top of an income statement will normally show total revenue before expenses are deducted.
To learn more about gross profit here
https://brainly.com/question/16283958
#SPJ4
