calculate the profit and average revenue of shehu barde enterprise where the total revenue is 500,000 and the initial capital is 200,000 and is used to produce 10 bags of cement at 2000 each?

Emmyrosh

5 years ago

Average revenue =Average revenue of a business is obtained by dividing the total revenue with the total output.
500,000/200
=2500.
The average profit definition is the total profit divided by the output or the sum of the profits during each period divided by the number of periods. An average profit calculation formula might look like average revenue – average cost = average profits.
200,000/200
=1000.