Which of the Following Is the Correct Formula for Sales

question 52

Multiple Choice

Which of the following is the correct formula for sales revenue?

• A) Sales volume - Cost
• B) Sales volume × Price
• C) Sales volume + Price
• D) Sales volume/Cost

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Definitions:

Defaulted

Refers to failing to fulfill a legal obligation, especially failure to pay a debt or appear in court as required.

Foreclosed

The legal process by which a lender takes possession of a property due to the borrower's failure to pay the mortgage.

Improvements

Enhancements or upgrades made to a property or a product, increasing its value or functionality.

Mortgagees

Banks or other financial institutions that lend money to borrowers (mortgagors) for the purchase of property, holding a lien on the property as security for the repayment of the loan.