costing problem-need help 2 solve

pavithra (Chartered Accountant) (46 Points)

09 February 2010  

hi friends,

need ur help 2 solve the below pblm on marginal costing..thanx in advance..

Question

The Cost-volume-profit relationship of a company is described by the equation y= Rs.240000 +0.7x ,in which x represents sales revenue and y is the total cost as the sales volume represented by x. find out 1) P/V ratio 2) Break-even point.