Revenue Flashcards
1
Q
what is Total Revenue?
A
Selling Price x Number Sold
2
Q
what is Total Fixed Cost?
A
All fixed costs added together
3
Q
what is Total Variable Cost?
A
Variable cost per unit x Number sold
4
Q
what is Total Cost?
A
Total Fixed Cost + Total Variable Cost
5
Q
what is Profit
A
Total Revenue – Total Cost
