Cost, Revenue, Profit

• Total Revenue= Selling Price × Quantity Sold
• Total Cost = Fixed Costs + Variable Costs
• Profit = Total Revenue - Total Costs
• Calculate the revenue when:

  You sell 100 pairs of socks for £3.99

  £399
• Calculate the revenue when:

  You sell 6 cases of Coca Cola for £15.60

  £93.60
• Calculate the revenue when:

  You have 52 customers who buy your newly designed trainers - half of the customers buy the standard pairs for £24.99, but half choose to customise them, and pay £32.99 per pair

  £1507.48
• Calculate the revenue when:

  You sell 34 printed t-shirts, which normally sell for £7, but the first 12 customers received a discount of 30%

  £212.80
• Calculate the revenue when:

  You set up a market stall selling phone accessories. You sell 24 iPhone cases at £2.50 each. You sell 15 extending charges for £4.60 each and 8 extra battery packs for £16 each

  £257
• Calculate the total costs when:

  You rent a market stall, which costs you £50 for the day. You are selling candles, each candle cost you £2.20 to make. You have printed some banners and posters for promotion which cost you £14.70. At the end of the day, you have made and sold 55 candles

  £185.70