Sales revenue and costs

• what is sales revenue?


  the total amount of money coming into a business from the sales of a good or service
• what is sales volume?


  the quantity of goods or services that have been sold by a business
• what is profit?


  the surplus money made by a business when revenue exceeds costs
• what is fixed costs?


  costs to a business that stay the same regardless of output
• what are variable costs?


  costs to a business that change in relation to output
• what is the equation for sales revenue?

  Sales Revenue = Price per unit x Quantity sold
• what is the equation for total costs?

  Total Costs = Fixed Costs + Variable Costs