The formula to calculate the Total Sales (TS) is:
\[ TS = U \times PPU \]
Where:
Total sales refer to the total revenue generated from selling a certain number of units at a given price per unit. This metric is crucial for businesses to understand their revenue performance and make informed decisions about pricing, production, and sales strategies.
Let's say the number of units sold (U) is 100, and the average price per unit (PPU) is $25. Using the formula:
\[ TS = 100 \times 25 = 2500 \text{ dollars} \]
So, the total sales (TS) is $2500.