1-3-2-Sales-Revenue-And-Costs

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Exam code:1BS0

Sales revenue

Sales Revenue is the value of the units sold by a business
- E.g the revenue earned by Apple Music from sales of music downloads
- Sales revenue is a key business performance measure and must be calculated to identify profit
- Sales revenue is calculated using the formula

$Sales space revenue space equals space Selling space price space straight x space number space of space units space sold$

When a firm sells one product, it is easy to calculate the sales revenue
- The more products a firm sells, the harder it is to calculate the sales revenue
- Computer systems make it easier to track sales revenue when multiple products are sold by the business

Worked Example

Moped Maestro’s has made the following forecasts for the costs and sales of its mopeds for 2022

	Forecast
Total number of moped sales	3000
Total revenue	£2 200 000
Variable cost per moped	£450
Fixed costs	£180 000

Using the information in the Table, calculate the selling price per bike. You are advised to show your workings.

(2)

Step 1: Insert the appropriate figures into the sales revenue formula

$Sales space revenue space equals space Selling space price space straight x space number space of space units space sold equals space £ 2 comma 200 space 000 space space equals space ? space straight x space 3 comma 000$ (1 )

Step 2: Rearrange the formula and solve for ?

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Business GCES EDEXCEL

1-3-2-Sales-Revenue-And-Costs

Sales revenue

Worked Example

Responses