Sales 5 lakh, fixed cost 1 lakh, pv ratio 40% ,find profit
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Step-by-step explanation:
2,50000 ruppee will in profit
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Profit = 1,00,000
Step-by-step explanation:
Given:
Sales value = 5,00,000
Fixed cost = 1,00,000
PV ratio = 40% = 40 / 100 = 0.40
Profit during the year = ?
Computation of Profit during the year:
PV ratio = Contribution / Sales
PV ratio = (Fixed cost + Profit) / Sales
0.40 = (1,00,000 + Profit) / 5,00,000
0.40 x 5,00,000 = 1,00,000 + Profit
2,00,000 = 1,00,000 + Profit
Profit = 1,00,000
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