Total revenue equals the sale price of products multiplued by the total amount of units sold
=(total revenue- total expenditures)/revenue. you get a percentage.
What would profit be is revenue is $3000, cost of goods are $1500 and expenses are $500
If total revenue is 3000, the cost of goods is 1500, and total selling expense is 500 then the profit made is 1000.
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
Sale or Revenue for the period -less cost of good sold=gross profit cost of good sold is the cost incurred in generating the revenue
Marginal Cost = Marginal Revenue, or the derivative of the Total Revenue, which is price x quantity.
well if your talking about the total cost in economics, than it would be profit=TC-TR TR- total revenue TC- Total cost
total cost= total revenue, it is the same thing in different name.
=(total revenue- total expenditures)/revenue. you get a percentage.
Profit=Total revenue - Total cost
level of output to look at the total revenue and total cost curve directly
No total revenue is total finance in, you need to take from this the running costs of the business to get the gross profit (net sales minus the cost of goods and services sold).
Total sales - Cost of goods sold = Revenue
Cost of Opening inventory-Cost of Closing Inventory Divided by Total Revenue, Multiply by 100. Individual Beverage cost is. Cost of beverage, divided by actual selling price.
asset -cost of goods sold
Marginal Revenue (MR) = Change in Total Revenue / Change in Q
Rev PAR= Total Room Revenue/ Total No. Of Rooms.