Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. Total revenue in economics refers to the total receipts from sales of a given quantity of goods or services. What Is the Formula for Total Revenue.
MR in mathematical terms is the ratio of change in total revenue to change in output.
Revenue formula is given as Revenue Quantity times Price Here Quantity 500 Price Rs. The revenue projection formula to enter in cell E3 is therefore D3 180. X -50p 8500 is the demand equation and it depends on the price. Total revenue is an important concept in Economics that refers to the total amount of money that a company earns through the selling of its goods and services over a time period a day week month or year.