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Determine P/V ratio if Sales is Rs 80,000 and Variable cost is Rs 60,000.

A. 40%

B. 25%

C. 50%

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above