Mathematics · Cost Accounting - P/V Ratio
Under conditions of unchanged cost structure and selling price over two consecutive years, the sales and profits were as follows: 2018: Sales = ₹ 1,20,000, Profit = ₹ 9,0002019: Sales = ₹ 1,40,000, Profit = ₹ 13,000 What was the Profit/Volume (P/V) ratio of the enterprise?
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