# ENTREPRENEURSHIP

## ENTREPRENEURIAL PLANNING

### FINANCIAL PLANNING AND ANALYSIS

 Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is the formula for total revenue?
 A Selling price x quantity sold B selling price x variable costs C total variable costs + total fixed costs D quantity sold x contribution per unit
Explanation:

Detailed explanation-1: -Hence, the total revenue refers to the amount of money realized by a firm on the sale of a commodity. Total revenue is expressed as follows: TR = P x Q …

Detailed explanation-2: -Total revenue in economics refers to the total receipts from sales of a given quantity of goods or services. It is the total income of a business and is calculated by multiplying the quantity of goods sold by the price of the goods.

Detailed explanation-3: -To calculate the average selling price of a product, divide the total revenue earned from the product or service and divide it by the number of products or services sold.

There is 1 question to complete.