Response to the following problem:
Rainbow Ltd. sold goods for Rs. 30,00,000 in a year. In that year the variable costs were Rs. 6,00,000 and fixed costs were Rs. 8,00,000.
Find out :
i) P/V Ratio
ii) Break-even sales, and
iii) Break-even Sales if Selling price was reduced by 10 % and Fixed costs were increased by Rs. 1,00,000.