Question
What will be the P/V ratio for the firm with the
following sales and profit during last two years:Solution
PVR = [Change in Profit / Change in Sales] * 100 [5000/20,000] * 100 =25% Change in Profit: 20,000-15,000 = 5000 Change in Sales: 160,000 – 140,000 = 20,000
Successive discounts of 10% and 20% are equivalent to a single discount of?
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Successive discounts of 18% and 22% are equal to a single discount of ______.
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