Profit=$300 Sales=$3,000 Variable cost=75% of sales Find out: (a).P/V ratio (b).Fixed cost (c).Break Even Sales (d).What would

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Profit=$300

Sales=$3,000

Variable cost=75% of sales

Find out:

(a).P/V ratio

(b).Fixed cost

(c).Break Even Sales

(d).What would be the sales volume to earn a profit of $700

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

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Posted Date: Dec 20, 2022 02:10 AM

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Profit=$300 Sales=$3,000 Variable cost=75% of sales Find out: (a).P/V ratio (b).Fixed cost (c).Break Even Sales (d).What would

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Expert Answer:

Solution a PV ratioContributionSales100 7503000100 25 b Fixed costCon... View the full answer

Engineering Economy

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