Teaching JKPSC Lecturership Mock Test Series 2024-25 Accounting and Auditing Cost and Management Accounting
A company maintains a margin of safety of 25% on its current sales and earns a profit of Rs. 30 lakhs per annum. If the company has a profit volume Ratio of 40%, its current sales amounted to:
1
Rs. 200 lakhs
2
Rs. 300 lakhs
3
Rs. 325 lakhs
4
Rs. 400 lakhs