Management Accounting Test Questions

Q.  Given sales is Rs 2,00,000 and Rs 4,00,000 in year 2013 and 2014 respectively. Cost is Rs 1,40,000 and Rs 2,40,000 in 2013 and 2014 respectively. Compute P/V ratio.

a. 40%
b. 30%
c. 25%
d. 50%


ANSWER: See Answer
 
No explanation is available for this question!