Total Revenue

The Total Revenue calculator computes the Total Revenue which is the amount paid by buyers and received by sellers.

INSTRUCTIONS: Choose units and enter the following:

• (P) This is the price of a good
• (Q) This is the quantity of the good sold

Total Revenue (TR):  The calculator returns the total revenue in U.S. dollars.  However this can be automatically converted to compatible units via the pull-down menu

The Math /Science

The formula for Total Revenue is:

         TR = P • Q

where:

• TR is the total revenue
• P is the price of a good
• Q is the quantity of the good sold

Resource:

• Mankiw, N. Gregory. "Chapter 5:The Elasticity of Demand." Principles of Microeconomics. 6th ed. Mason, OH: Thomson/South-Western, 2004. 90-94. Print.
• “Chapter 7 Consumer Choice and Elasticity.” AP Microeconomics 2018, by Eric R. Dodge, McGraw Hill Education, 2017.