If sales in an organisation is ₹1,00,000, fixed cost is ₹12,000 and profit is ₹8,000, Profit/ Volume ratio is ............

CS Executive · Corporate and Management Accounting · PYQS · December 2020
If sales in an organisation is ₹1,00,000, fixed cost is ₹12,000 and profit is ₹8,000, Profit/ Volume ratio is ............
(A) 80%
(B) 8%
(C) 20%
(D) 12%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Management Accounting

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