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Average Revenue (AR) can be defined as revenue per unit of output. Therefore, from the aforementioned equation, it can be said that AR is the rate at which output is sold, where rate refers to the price of the product. Hence, it can be said that AR is nothing, but price of the product.
For instance, if your tables are occupied 100 times per day and the average check is for $25, your typical revenue for the day is $2,500. If you are open seven days per week, your weekly revenue would be $17,500 and your yearly revenue would be $912,500.