Question

ABC firm sold 10 chairs charging 100 each and received 1000​

Answer 1

Answer:

total revenue concept

Explanation:

total revenue is the total sells proceeds of a firm by selling a commodity at a given price it is the total income of a firm

total revenue=price×quantity

Answer 2

ABC firm has a supply of 10 chairs with a selling price of Rs. 100 each.

• The Total Revenue earned by selling the chairs is Rs. 1000.

• It is given by the formula

$Total \: Revenue = SP \: per \: unit \times no. \: of \: units$

$Total \: Revenue = 100 \times 10$

$Total \: Revenue = 1000$

The total revenue is Rs. 1000

The selling price of each unit is Rs. 100

No. of units sold is 10.