Example 4: The sales turnover and profit during two years were as follows: Year Sales (7) Profit (7) 2013 1,60,000 20,000 2014 1,80,000 25,000 You are required to calculate: i) P/V ratio. ii) Sales required to earn a profit of 760,000. iii) Profit when sales are 1,40,000.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
Example 4: The sales turnover and profit during two years were as follows:
Year
Sales (7)
Profit (7)
2013
1,60,000
20,000
2014
1,80,000
25,000
You are required to calculate:
i) P/V ratio.
ii) Sales required to earn a profit of 760,000.
iii) Profit when sales are 71,40,000.
Transcribed Image Text:Example 4: The sales turnover and profit during two years were as follows: Year Sales (7) Profit (7) 2013 1,60,000 20,000 2014 1,80,000 25,000 You are required to calculate: i) P/V ratio. ii) Sales required to earn a profit of 760,000. iii) Profit when sales are 71,40,000.
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman