Q. Which of the following statements are true? (Solved)
1. P/V Ratio can never be used to measure break-even point
2. Higher the P/V ratio less will be the profit and vice versa
3. Concept of P/V ratio is also used to determine profit at a given volume of sales
4. All of the above
- c. Concept of P/V ratio is also used to determine profit at a given volume of sales