In economics, total revenue refers to the total receipts from sales of a given quantity of goods or services.

Total revenue gives a trader a jumping-off point to further explore their pricing options.

**Formula to calculate total revenue.**

To calculate total revenue, we multiply the quantity sold by the price of each of the items.

Example:

Calculate the total revenue of a blacksmith who plans to sell 20 swords each going for $ 200.

Therefore, the total revenue is $ 4,000.