Question

when sales are `2,00,000, fixed costs `30,000, p/v ratio 40%, the amount of profit will be -

Answer 1

Answer:

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Answer 2

Given,

The figures for sales, fixed cost, and PV ratio are given as $2,00,000 , 30,000 , 40%$% respectively.

To Find,

Amount of profit

Solution,

The formula for calculating Profit when Sales, Fixed Costs, and PV ratio are given is:

$P.V Ratio$ $=$ $\frac{Fixed cost + Profit}{Sales}$

Fixed Cost is given as Rs. $30,000$

Sales are given as Rs.$2,00,000$

P.V ratio is given as $40%$%

Let us take Profit as $x$

Now the formula becomes  

          $40$% $= \frac{30,000+ x}{2,00,000}$  

So the above equation becomes  

$\frac{40}{100} = \frac{30,000+x}{2,00,000}$

$40$ × $2,00,000 = (30,000 + x)100$

$\frac{80,00,000}{100}$ $= 30,000+ x$

$80,000 = 30,000 + x$

$x = 80,000 - 30,000$

$x = 50,000$

So, therefore, the answer is Rs. $50,000$