How to Calculate Sales Revenue: Definition & Formula


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question 1 of 3

What is sales revenue?

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1. What happens if the amount of money coming into the business decreases?

2. Why does a business need to know the amount of sales revenue?

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About This Quiz & Worksheet

This quiz and corresponding worksheet focus on assessing your knowledge of sales revenue, how to calculate it and the role of a sole proprietor.

Quiz & Worksheet Goals

This quiz/worksheet aims to test your ability to identify:

  • Roles of a sole proprietor
  • How to calculate sales revenue
  • The definition of sales revenue
  • Why sales revenue is relevant

Skills Practiced

This quiz and worksheet can help you practice these skills:

  • Interpreting information - verify that you can read information regarding roles of a sole proprietor and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the related economic lesson
  • Information recall - access the knowledge you've gained regarding how sales revenue is calculated

Additional Learning

Get more information on this topic by referring to the lesson called How to Calculate Sales Revenue: Definition & Formula. Once you complete this lesson, you will be able to:

  • Define sales revenue
  • Calculate sales revenue
  • Explain why people want to calculate sales revenue