When margin of safety is 20% and P/V ratio is 60%, the Profit will be :

CS Executive · Cost and Management Accounting · PYQS · June 2017
When margin of safety is 20% and P/V ratio is 60%, the Profit will be :
(A) 30%
(B) 33 1/3%
(C) 12%
(D) None of the above

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Marginal Costing

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