Sales Revenue
Sales Revenue Is The Amount Received By The Supplier Of A Product By Selling It
Formula Of Sales Revenue : Price × Quantity Demand
Sales Revenue Is Not Similar To The Concept Of Profit As Profit Is The Win Of A Firm By Getting Extra Price By Selling A Product While Sales Revenue Is The Including Money Of Profit And Price Put On The Production Of The Product
Example Of Sales Revenue
If A Retailer Sells 5000 Laptops For 700 Dollars Each To Calculate The Price Revenue : In The Following
Formula = Price × Quantity Demand = 700 × 5000 = 3.5 Million Dollars
PED Relation With Sales Revenue
The Change In Quantity Demand Or Price Can Affect The Sales Revenue, The Percentage Of Change In Sales Revenue Using Ped Formula Is The Connect Of PED And Sales Revenue
How can a business use PED to forecast changes in sales revenue?
What factors influence the PED of a product?
How does the availability of substitutes affect PED?
What is the impact of PED on a business’s decision to increase or decrease prices?
What is the relationship between PED and total revenue?
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