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Q: What is the formula for Revenue function?
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Definition of incremental revenue?

Incremental Revenue is the increase of revenue between a new revenue and a previous revenue, thus the formula: Incremental Revenue = New Revenue - Previous Revenue


What is the explanation for the function of Zanzibar Revenue Board?

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What is the formula to calculate profit?

A simple profit formula reconciles revenue to losses and expenses. Profit equals the total revenue subtracted by losses and expenses.


What is the formula to get the MR in economics?

Marginal Revenue (MR) = Change in Total Revenue / Change in Q


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=(total revenue- total expenditures)/revenue. you get a percentage.


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What is the formula to calculate the gross margin?

The gross margin formula is gross profit divided by revenue. The gross profit and revenue amounts can be found by looking at a companies income statement.


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