For a company,P/V ratio 60%Variable cost $20.00 Calculate the selling price a$100 b$50 c$75 d$25

Question

For a company,P/V ratio 60%Variable cost $20.00 Calculate the selling price a$100 b$50 c$75 d$25
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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 60% and the variable cost is $20.00, we can set up the following equation to solve for the selling price:

0.60 = (Selling Price - $20.00) / Sel Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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