The sales and profit for two years are as below: Sales Profit 2019 50000 15000 2020 90000 35000 Calculate Margin of safety at a profit of OMR 30000: Select one: a. OMR 60000 b. OMR 52000 c. OMR 70000 d. OMR 65000

The sales and profit for two years are as below: Sales Profit 2019 50000 15000 2020 90000 35000 Calculate Margin of safety at a profit of OMR 30000: Select one: a. OMR 60000 b. OMR 52000 c. OMR 70000 d. OMR 65000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

The sales and profit for two years are as below:

Sales Profit

2019 50000 15000

2020 90000 35000

Calculate Margin of safety at a profit of OMR 30000:

Select one:

a. OMR 60000

b. OMR 52000

c. OMR 70000

d. OMR 65000

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