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Total Revenue Formula

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Total Revenue is the total receipts a seller can obtain from selling goods or services to buyers. Check FAQs
TR=P+(FC+TVC)
TR - Total Revenue?P - Cost of Profit?FC - Fixed Cost?TVC - Total Variable Cost?

Total Revenue Example

With values
With units
Only example

Here is how the Total Revenue equation looks like with Values.

Here is how the Total Revenue equation looks like with Units.

Here is how the Total Revenue equation looks like.

4000Edit=500Edit+(2000Edit+1500Edit)
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HomeIcon Home » Category Engineering » Category Civil » Category Construction Practice, Planning and Management » fx Total Revenue

Total Revenue Solution

Follow our step by step solution on how to calculate Total Revenue?

FIRST Step Consider the formula
TR=P+(FC+TVC)
Next Step Substitute values of Variables
∴ TR=500+(2000+1500)
Next Step Prepare to Evaluate
∴ TR=500+(2000+1500)
LAST Step Evaluate
∴TR=4000

Total Revenue Formula Elements

Variables
Total Revenue
Total Revenue is the total receipts a seller can obtain from selling goods or services to buyers.
Symbol: TR
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Total RevenueOpen Variable
Cost of Profit
Cost of Profit in accounting is an income distributed to the owner in a profitable market production process.
Symbol: P
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Cost of ProfitOpen Variable
Fixed Cost
Fixed Cost are the cost that does not change with an increase or decrease in the number of goods or services produced or sold.
Symbol: FC
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Fixed CostOpen Variable
Total Variable Cost
Total Variable Cost refers to the cost which varies when the output varies or changes.
Symbol: TVC
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Formulas to find Total Variable CostOpen Variable

Other formulas in Economics of Project Management category

​Go Total Cost
Tc=FC+TVC
​Go Fixed Cost
FC=Tc-TVC
​Go Total Variable Cost
TVC=Tc-FC
​Go Profit for Total Expenses
P=TR-(FC+TVC)

How to Evaluate Total Revenue?

Total Revenue evaluator uses Total Revenue = Cost of Profit+(Fixed Cost+Total Variable Cost) to evaluate the Total Revenue, The Total Revenue formula is defined as the total receipts a seller can obtain from selling goods or services to buyers. The function of TR is graphed as a downward opening parabola due to the concept of elasticity of demand. Total Revenue is denoted by TR symbol.

How to evaluate Total Revenue using this online evaluator? To use this online evaluator for Total Revenue, enter Cost of Profit (P), Fixed Cost (FC) & Total Variable Cost (TVC) and hit the calculate button.

FAQs on Total Revenue

What is the formula to find Total Revenue?
The formula of Total Revenue is expressed as Total Revenue = Cost of Profit+(Fixed Cost+Total Variable Cost). Here is an example- 4000 = 500+(2000+1500).
How to calculate Total Revenue?
With Cost of Profit (P), Fixed Cost (FC) & Total Variable Cost (TVC) we can find Total Revenue using the formula - Total Revenue = Cost of Profit+(Fixed Cost+Total Variable Cost).
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