alleryStart learning →Sales are Rs 6,00,000, P/V ratio 30% and fixed costs Rs 1,20,000. What is profit?
ARs 30,000
BRs 1,20,000
CRs 60,000
DRs 1,80,000
Answer & Solution
Correct answer: C. Rs 60,000
Contribution is 30% of 6,00,000 = 1,80,000; less fixed costs of 1,20,000 leaves Rs 60,000.
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