3.2 Revenue generated by sales of the product

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What is meant by 'total revenue'?: The selling price of a product multiplied by the number of units sold
What is meant by 'selling price per unit'?: The amount of money a customer is charged for one item
What is the name for the quantity of products that customers buy from a business over a period of time?: Number of sales
What is meant by 'annual revenue'?: The income received from sales over a full year
Which calculation is used to find the number of sales when the total revenue and the selling price per unit are known?: Total revenue divided by the selling price per unit
What is meant by the term revenue?: The income a business generates from its sales
A shop sold 300 phone cases at £6.50 each. What was the total revenue?: £1,950
A sandwich shop sold 40 coffees at £3 each and 25 cakes at £4 each. What was its total revenue?: £220
A dog walker charges £12 per walk and completes 8 walks a day, 5 days a week. What is her weekly revenue?: £480
A business sells 250 units a month at £9 each. What is its total revenue for a year?: £27,000
A business generated £1,800 in revenue from selling 450 units. What was the selling price per unit?: £4
A business sells its product for £15 each and its revenue for the month was £4,500. How many units did it sell?: 300
A bakery sold 120 loaves in June and 150 loaves in July, all at £2.50 each. How much more revenue did it generate in July than in June?: £75
A business cut its price from £10 to £8 and sales rose from 300 units to 450 units. What happened to its revenue?: It increased by £600
A window cleaning business cleaned 150 windows each week for four weeks and generated £4,200 in revenue. What did it charge for each window?: £7
A tutor charges £22 an hour. Each lesson lasts two hours and she teaches nine lessons a week. What is her revenue for four weeks?: £1,584
Amara sells 60 items at £4.50 each. Ben sells 100 items at £2.80 each. Who generates more revenue, and by how much?: Ben, by £10
A nail bar completes 15 manicures a week at £18 each and 8 pedicures a week at £25 each. What is its revenue for four weeks?: £1,880

3.2 Revenue generated by sales of the product

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