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A-LevelAccountingTraditional costing methods9706/12 · May/June 2011 · Q241 Mark

A business has sales of $250 000, fixed costs of $50 000 and a contribution/sales ratio of 30%. What is the profit?

A$25 000
B$60 000
C$75 000
D$200 000

✓ Correct answer

A: $25 000

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About this question

Topic
Traditional costing methods, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, May/June 2011 Paper 1 Variant 2, question 24.

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