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7 April, 16:50

Mr. Warner buys 10 cartons of cigarettes a day for $50 each and sells them at a higher price. If Mr. Warner earns $450 in profit a day, what is his total revenue?

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  1. 7 April, 17:18
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    Total revenue = $950

    Explanation:

    Total revenue is the total income made from the sales of goods or services. It can be determined in any of the following ways:

    Total revenue = Unit price * Units product sold Total revenue = Total cost of cost of sold + Profit

    Note that total cost = (unit cost * units purchased) + any other expenses.

    So we can apply the above to our question. Specifically, the second relationship is okay.

    Total revenue = (10 * $50) + $450 = $950
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