When the sales increase from Rs 40,000 to Rs 60,000 and profit increases by Rs 5,000, the P/V ratio is —
Answer: 0.25
Explanation
Increase in sales = Rs. 60000 - Rs. 40000 = Rs. 20000
PV Ratio = Increase in Profit / Increase in sales
= 5000 / 20000 = 0.25
This question appeared in
Past Papers (2 times)
Account Officer Past Papers, Syllabus, Jobs (1 times)
SPSC Past Papers (1 times)
This question appeared in
Subjects (1 times)
ACCOUNTING (1 times)
Related MCQs
- Ratio of net profit before interest and tax to sales is ______?
- Rose Company reported net income of $24,000, net sales of $400,000, and average assets of $600,000. Calculate the profit margin ratio.
- Gross Profit Ratio for a firm remains same but the Net Profit Ratio is decreasing. The reason for such behavior could be:
- Mr. A and Mr. B invest in ratio with a Rs.5000 profit for each, new ratio becomes 18:24. What is the total amount of Mr. B after profit?
- Calculate the gross profit/loss if sales Rs. 60000, cost of sales Rs. 50000, opening stock Rs. 10000; purchases Rs. 40000; wages Rs. 20000, and office rent Rs. 10000.
- Suppose Austin Sound had sales of $300,000 and sales returns of $45,000. Cost of goods sold was $152,000. How much gross profit did Austin Sound report?
- If the profit is 1/4 of the sales, then it is _______?
- If a value increases from 80 to 80, what is the percentage increase?
- If ___ increases will increase the capital .
- When one thing increases and the others increase in the same way, this is called?
