Answer:
Total revenue = $950
Explanation:
Total revenue is the total income made from the sales of goods or services. It can be determined in any of the following ways:
- Total revenue = Unit price × Units product sold
- Total revenue = Total cost of cost of sold + Profit
Note that total cost = (unit cost × units purchased) + any other expenses.
So we can apply the above to our question. Specifically, the second relationship is okay.
Total revenue = (10 × $50) + $450= $950
