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Moon Karak sells tea. The average selling price of a cup is OMR 0.200 and the average variable expense per cup is OMR 0.150. The average fixed expense per month is OMR 700. An average of 20,000 cups are sold each month. What is the margin of safety expressed as a percentage of sales? Select one: O a. 25% O b. 20% C. 30% O d. 15% e. None of the answers given

Moon Karak sells tea. The average selling price of a cup is OMR 0.200 and the average variable expense per cup is OMR 0.150. The average fixed expense per month is OMR 700. An average of 20,000 cups are sold each month. What is the margin of safety expressed as a percentage of sales? Select one: O a. 25% O b. 20% C. 30% O d. 15% e. None of the answers given

FINANCIAL ACCOUNTING
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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Moon Karak sells tea. The average selling price of a cup is OMR 0.200 and the average variable expense per cup is OMR 0.150. The average fixed expense per month is OMR 700. An average of 20,000 cups are sold each month. What is the margin of safety expressed as a percentage of sales? Select one: O a. 25% O b. 20% O c. 30% d. 15% O e. None of the answers given Next page EX5A-3 and Prob5A-8 Jump to... pendix 5A
Transcribed Image Text:Moon Karak sells tea. The average selling price of a cup is OMR 0.200 and the average variable expense per cup is OMR 0.150. The average fixed expense per month is OMR 700. An average of 20,000 cups are sold each month. What is the margin of safety expressed as a percentage of sales? Select one: O a. 25% O b. 20% O c. 30% d. 15% O e. None of the answers given Next page EX5A-3 and Prob5A-8 Jump to... pendix 5A
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