Sales Rs. 50,000; Variable cost Rs. 30,000; Net profit Rs. 6,000; fixed cost is .a.b. Rs. l4,000 .b.Rs. 10,000.c.Rs. 12,000.d.Rs. 8,000.
Question
Solution 1
To find the fixed cost, we need to rearrange the profit equation. The profit equation is:
Profit = Total Sales - Total Cost Total Cost = Variable Cost + Fixed Cost
Given in the problem, we have:
Sales (Total Revenue) = Rs. 50,000 Variable Cost = Rs. 30,000 Net Profit = Rs. 6,000
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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