Total Revenue | Formula & Calculator

LAST UPDATE: September 24th, 2020


Definition – What is Total Revenue?

In microeconomics, total revenue is all the revenue that the company receives for the goods and services it sells.

It is the price that the firm sells items for times the number of items it sells.

Formula – How to Calculate Total Revenue

Total Revenue = Price x Quantity


  • “Price” is the price each unit sells for.
  • “Quantity” is the number of units sold.


Units are selling at $20 per unit and 400 sell.

Total Revenue = $20 x 400 = $8,000

Total revenue is $8,000.

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