P/V Ratio is 60% and the marginal cost of the product is rs.50.what will be the selling price?
Answers
Answered by
10
Answer:
125
Explanation:
note: the answer is for the ques where variable cost is 50rs
PV ratio is 60 %
pv ratio = contribution/sales
60℅ = contribution/sales
contribution= sales-variable cost
therefore
60%= sales-variable/Sales
now, let sales be x
60%= x-vc/x
60%= x-50/x
x*60/100=x-50
60x=100x-5000
x = 125
therefore sales is 125
Answered by
0
Explanation:
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