The formula to calculate the Percentage of Revenue (RP) is:
\[ RP = \frac{NR}{TR} \times 100 \]
Where:
The percentage of revenue is calculated by dividing the revenue from a specific product or service by the total company revenue. This metric helps in understanding the contribution of new products or services to the overall revenue.
Let's consider an example:
Using the formula to calculate the Percentage of Revenue:
\[ RP = \frac{50000}{200000} \times 100 = 25\% \]
This demonstrates that with an NR of $50,000 and a TR of $200,000, the percentage of revenue would be 25%.