Question

_____________ is calculated by taking the quantity of everything that is sold and multiplying it by the sale price. Total revenue Total profits Average profit margin Total cost

Answer 1

The quantity of each item sold is multiplied by the sale price to determine the total revenue.

What is Quantity?

Quantity can be used to describe an amount, weight, number, or measure. A quantity is a property of a single item or group of items that may be measured in terms of "less," "equal," and "more."

The total of all inbound funds that the business has received from the sale of goods or services. Gross revenue is another name for total revenue.

Total revenue is computed by multiplying the average sales price per item or unit by the quantity of items or units sold.

As a result, option (a) is correct total revenue.

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