Question

How do you get Total Revenue?

Answer 1

Answer:

May this solves your doubt.

Answer 2

We get total revenue by using the formula: TR= Quantity × Price

What is Total Revenue?

• Total revenue is the total cost of selling goods and services at a particular cost
• It is very important for the business to earn profit
• It calculates to increase the revenue of goods and services
• When the price and quantity of product change then total revenue also changed
• With the help of total revenue, we know about the demand and price of any product