Formula for profit at any level of sales in amount

Q.  Profit at any level of sales in amount is measured as
- Published on 14 Sep 15

a. Sales * P/V ratio – Variable cost
b. Sales * P/V ratio + Fixed cost
c. Sales * P/V ratio – Fixed cost
d. Sales * P/V ratio + Variable cost

ANSWER: Sales * P/V ratio – Fixed cost

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