Revenue
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When will a business make a loss?
If the revenue is less than the total costs.
What is revenue?
Is the miney a business makes from sales. Its the value of the sales and is also referred to as turniver. The total amount of money a business recieves from its sales is called total revenue.
Total revenue formula:
Total revenue = quantity sold x selling price.
Profit formula:
Profit - total revenue - total costs.
