Management Accounting Test Questions

Q.  Given sales is Rs 2,00,000 and Rs 4,00,000 in year 2013 and 2014 respectively. Profit is Rs (-10,000) and Rs 20,000 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!