P/V Ratio - Characteristics

Q.  Which of the following statements are true about P/V ratio?
- Published on 08 Sep 15

a. P/V Ratio can never be used to measure break-even point
b. Higher the P/V ratio less will be the profit and vice versa
c. Concept of P/V ratio is also used to determine profit at a given volume of sales
d. All of the above

ANSWER: Concept of P/V ratio is also used to determine profit at a given volume of sales

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