The contribution to sales ratio of a company is 22% and profit is ₹ 63,500. If the total sales of the company are ₹ 7,81,000, the fixed cost is?
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Answer:
Your answer is 12,300 Rs.
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Answered by
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Explanation:
P/V ratio = 22%
Profit = 63,500
Total sales = 7,81,000
Fixed cost = total contribution- profit
= ( 7,81,000 × 22/100) - 63,500
= ( 7,810 × 22) - 63,500
= 1,71,820 - 63,500
= 1,08,320
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