Question

A company sells its product for $59 per unit. Write an expression for the amount of money received (revenue R) from the sale of x units of the product.

Answer 1

Answer:

$R = 59x$

Step-by-step explanation:

We are given the following in the question:

Cost per unit = $59

Let x units of product be sold.

We have to write an expression the amount of money received (revenue R) from the sale of x units of the product.

Revenue:

• It is the total income  and is obtained by multiplying the quantity of goods sold by the unit price of the goods.

Revenue =

$\text{Unit Cost}\times \text{Units sold}\\R = 59x$

is the required expression of revenue.