Enter the number of units sold and the cost per unit ($/unit) into the calculator to determine the Total Revenue.
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Total Revenue Formula
The following formula is used to calculate the Total Revenue.
TR = U * CPU
- Where TR is the Total Revenue ($)
- U is the number of units sold
- CPU is the cost per unit ($/unit)
To calculate the total revenue, multiply the number of units sold by the cost per unit.
How to Calculate Total Revenue?
The following example problems outline how to calculate Total Revenue.
Example Problem #1:
- First, determine the number of units sold. In this example, the number of units sold is given as 500.
- Next, determine the cost per unit ($/unit). For this problem, the cost per unit ($/unit) is given as 6.
- Finally, calculate the Total Revenue using the equation above:
TR = U * CPU
The values given above are inserted into the equation below:
TR = 500 * 6 = 3000 ($)
Example Problem #2:
The variables needed for this problem are provided below:
number of units sold = 750
cost per unit ($/unit) = 3
Entering these values and solving gives:
TR = 750 * 3 = 2250 ($)
