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 ($/unit)
How to Calculate Total Revenue?
The following example problems outline how to calculate Total Revenue.
Example Problem #1:
- First, determine the number of units sold. In this example, the number of units sold is given as 500.
- Next, determine the cost per unit ($/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 ($/unit) = 3
Entering these values and solving gives:
TR = 750 * 3 = 2250 ($)
