Final answer:
To find the revenue per product, subtract the reseller discount from the selling price.
Step-by-step explanation:
In this situation, the selling price of your product is $20 and the reseller discount is 10%. To find your revenue per product, you need to calculate the amount of the discount and subtract it from the selling price. Since the discount is 10% of $20, it is equal to $2. Your revenue per product is the selling price minus the discount, which is $20 - $2 = $18.
A simple way to solve for revenue is by multiplying the number of sales and the sales price or average service price (Revenue = Sales x Average Price of Service or Sales Price). With that being said, not all revenues are equal.
It is the total income of a business and is calculated by multiplying the quantity of goods sold by the price of the goods. For example, if Company A produces 100 widgets and sells them for $50 each, the total revenue would be 100 * $50 = $5,000.
Revenue is the entire income a company generates from its core operations before any expenses are subtracted from the calculation. Sales are the proceeds a company generates from selling goods or services to its customers.