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| Q. |
Which of the following statements are true? |
| 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» C. Concept of P/V ratio is also used to determine profit at a given volume of sales | |
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