If the P/V Ratio of a product is 30% and selling price is Rs. 25 per unit, the marginal cost of the product would be .a.Rs.20 .b.Rs. 15 .c.Rs.18.75 .d.Rs.16 .
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Solution 1
The P/V ratio, also known as the contribution margin ratio, is calculated as (Selling Price - Variable Cost) / Selling Price.
Given that the P/V ratio is 30% and the selling price is Rs. 25, we can set up the following equation to solve for the variable cost, which is the same as the marginal cost Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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