Question

if the retail selling price for a product is $20, and the cost of goods is $10, and you sell 40 products, what is your revenue? (hint: one is best answer and two are incorrect)

Answer 1

The revenue from selling 40 products at a retail selling price of $20 is $800.

Step-by-step explanation:

The revenue can be calculated by multiplying the retail selling price by the number of products sold. In this case, the selling price is $20 and the number of products sold is 40.

1. Total revenue = Retail selling price x Number of products sold
2. Total revenue = $20 x 40
3. Total revenue = $800

When calculating total revenue, you multiply the selling price per unit by the quantity of units sold. In your case, if the retail selling price is $20 for each product and you've sold 40 products, you would determine the total revenue by using the following equation: Total Revenue = Selling Price per Unit x Quantity Sold. Therefore, the total revenue would be $20 x 40, which equals $800.

Therefore, the revenue from selling 40 products at a retail selling price of $20 is $800.