Question

Determine p/v ratio if sales is rs 80,000 and variable cost is rs 60,000

Answer 1

Ratio =80000/60000

=4/3

=4:3

Answer 2

A ratio is an ordered pair of numbers a and b, written a / b where b does not equal 0. A proportion is an equation in which two ratios are set equal to each other.

Given: Sales $Rs 80,000$

Variable cost is $Rs 60,000$

So, the ratio is $\frac{80000}{60000}$

=$\frac{4}{3}$

$=4:3$