Using the demand schedule table (Price $5, $10, $15, $20, $25, $30 with quantities 60, 50, 40, 30, 20, 10), what is the total revenue at each price?

What you are being asked to find

You are given a demand schedule (a list of prices and the quantity demanded at each price). For each price, you compute the seller’s total revenue by multiplying that price by the quantity.

Total revenue formula

Total revenue (TR) is: $$TR = P \times Q$$ where $P$ is price per unit and $Q$ is quantity sold (quantity demanded in the table).

Calculating TR at each listed price

• If $P = 5$ and $Q = 60$: $$TR = 5 \times 60 = 300$$
• If $P = 10$ and $Q = 50$: $$TR = 10 \times 50 = 500$$
• If $P = 15$ and $Q = 40$: $$TR = 15 \times 40 = 600$$
• If $P = 20$ and $Q = 30$: $$TR = 20 \times 30 = 600$$
• If $P = 25$ and $Q = 20$: $$TR = 25 \times 20 = 500$$
• If $P = 30$ and $Q = 10$: $$TR = 30 \times 10 = 300$$

Results in a quick table