From the following data, P/V ratio will be: Year Sales Profit 2015 50,00,000 5,00,000 2016 75,00,000 10,00,000

CS Executive · Cost and Management Accounting · PYQS · June 2017
From the following data, P/V ratio will be: Year Sales Profit 2015 50,00,000 5,00,000 2016 75,00,000 10,00,000
(A) 50%
(B) 10%
(C) 20%
(D) 40%

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost and Management Accounting

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