4. From the following particulars have been taken from the books of Grey Caps Ltd Sales Profit/Loss Calculate: (i) P/V Ratio (ii) Break even sales (iii) (iv) 2020 20,00,000 1,00,000 (loss) Sales required to earn a profit of Rs 7,00,000. The variable cost of two years. (v) Profit when sales are Rs 34,00,000 (vi) The margin of safety when profit is Rs 1,39,000. 2021 25,00,000 1,00,000 (profit) sales

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 2MC: If a company has three lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle)...
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4. From the following particulars have been taken from the books of Grey Caps
Ltd
Sales
Profit/Loss
Calculate:
2020
20,00,000
1,00,000 (loss)
(i)
P/V Ratio
(ii) Break even sales
(iii) Sales required to earn a profit of Rs 7,00,000.
(iv)
2021
25,00,000
1,00,000 (profit)
The variable cost of two years
Profit when sales are Rs 34,00,000
(vi) The margin of safety when profit is Rs 1,39,000.
sales xxx
Transcribed Image Text:4. From the following particulars have been taken from the books of Grey Caps Ltd Sales Profit/Loss Calculate: 2020 20,00,000 1,00,000 (loss) (i) P/V Ratio (ii) Break even sales (iii) Sales required to earn a profit of Rs 7,00,000. (iv) 2021 25,00,000 1,00,000 (profit) The variable cost of two years Profit when sales are Rs 34,00,000 (vi) The margin of safety when profit is Rs 1,39,000. sales xxx
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ISBN:
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