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A company has a contribution/sales ratio of 40%. It maintains a margin of safety of 20%. If its annual fixed cost amount to Rs.

A company has a contribution/sales ratio of 40%. It maintains a margin of safety of 20%. If its annual fixed cost amount to Rs. 24 lakhs, calculate its (1) Break even sales (ii) Margin of safety (iii) Total sales (iv) Total variable costs and (v) Profit

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