3 - Revenue Flashcards
1
Q
What is meant by “revenue”?
A
Income earned by a business for its goods and services
2
Q
What is the formula for revenue?
A
Number of Sales X Sales Price
3
Q
What is the revenue of a stationary store if 500 pens are sold for £2 each?
A
£1000
500 X £2 = £1000
4
Q
What is the revenue of a sweet shop that sells 700 sweets at 15p each?
A
£105
700 X 0.15p = £105
5
Q
What is the revenue of a hotel one evening where 20 guests are staying at the room price of £150?
A
£3000
20 X £150 = £3000
