Question

p/v ratio is 60% and marginal cost of the product is Rs.50 then what is the selling price?

Answer 1

Answer:

p/v = s - v / s

s-v/s = 60 /100

s-50/s = 60/100

100s - 5000 = 60 s

100s - 60s = 5000

40s = 5000

s = 5000/40

s = 125

therefore selling price is ₹125