Question: M.K. Ltd. manufactures and sells a single product X whose selling price is ` 40 per unit and the variable cost is ` 16 per

M.K. Ltd. manufactures and sells a single product X whose selling price is ` 40 per unit and the variable cost is ` 16 per unit.

(i)If the Fixed Costs for this year are ` 4,80,000 and the annual sales are at 60% margin of safety, calculate the rate of net return on sales, assuming an income tax level of 40%

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