PV Ratio of a co. is 20% and profit is Rs.64,500. If total sales is 780,000 fixed cost is ____________
Answers
Answered by
6
Step-by-step explanation:
Total Sales of 7,80,000
PV Ratio is 20%
Profit is Rs 64,500
Fixed Cost = ??
Fixed Cost = sales × P/V Ratio - Profit
= 7,80,000 × 20% - 64,500
= 7,80,000 × (20/100) - 64,500
= 7,80,000 ×0.2 - 64,500
= 1,56,000 - 64,500
= 91,500
Fixed Cost = Rs 91,500
Hence, Fixed Cost is Rs 91,500
Similar questions