Other questions in this quiz

2. How do you calculate total revenue?

  • Quantity sold x Average price.
  • Quantity sold x Average cost.
  • Quantity sold x Average profit.

3. When is a business making loss?

  • When revenues are less than costs.
  • When revenues equal costs.
  • When revenues are less than costs.

4. How do you calculate profit?

  • Subtracting total revenue from total costs.
  • Subtracting total costs from total revenue.
  • Multiplying the quantity sold by price.

5. What does the amount of revenue a business earns each month depend on?

  • Selling price.
  • Both selling price and quantity sold.
  • Quantity sold.

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