Datta Ltd. budgets for a production of 150,000 units. The variable cost per unit is 14 Rupees and the fixed cost per unit is 2 Rupees. The company fixed the selling price to fetch a profit of 15% on the cost price. What is the percentage of the profit/volume ratio?

Datta Ltd. budgets for a production of 150,000 units. The variable cost per unit is 14 Rupees and the fixed cost per unit is 2 Rupees. The company fixed the selling price to fetch a profit of 15% on the cost price. What is the percentage of the profit/volume ratio?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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