Enter the price per game, total number of games played, and the number of days the course is open into the calculator to determine the total revenue. This calculator can also evaluate any of the variables given the others are known.
Mini Golf Revenue Formula
The following formula is used to calculate the revenue from a mini golf course.
R = P * T * D
Variables:
- R is the total revenue ($)
- P is the price per game ($)
- T is the total number of games played
- D is the number of days the course is open
To calculate the total revenue, multiply the price per game by the total number of games played, then multiply the result by the number of days the course is open.
What is a Mini Golf Revenue?
Mini Golf Revenue refers to the total amount of money generated from the operation of a mini golf business. This includes income from customers paying to play rounds of mini golf, as well as any additional revenue streams such as food and beverage sales, equipment rentals, hosting events or parties, and selling merchandise. The revenue is used to cover the business’s operating expenses and any remaining amount is considered profit.
How to Calculate Mini Golf Revenue?
The following steps outline how to calculate the Mini Golf Revenue.
- First, determine the price per game ($).
- Next, determine the total number of games played.
- Next, determine the number of days the course is open.
- Next, gather the formula from above = R = P * T * D.
- Finally, calculate the Mini Golf Revenue.
- After inserting the variables and calculating the result, check your answer with the calculator above.
Example Problem :
Use the following variables as an example problem to test your knowledge.
price per game ($) = 5
total number of games played = 100
number of days the course is open = 7
