2. Excellent Academy reported the following for 2018 and 2019 respectively 2018:profit Rs. 10000.sales Rs.200000 2019: profit Rs. 31000.sales Rs.270000 In each of the years, variable cost per unit and fixed cost were the same a. Calculate fixed cost in each year.
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2018:profit 10000 and sales 200000 so minus the profit and sales to get the fixed right amount so they actually got 190000 the fixed amount they kept and 10000 as profit they got
2019:profit 31000 and sales 270000 so minus the profit and sales to get the fixed rigjt amount sk they actually got 239000 the fixed amount they kept and 31000 as profit they got
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