Calculate the net income from the following data.
Sales 2,00,000
Variable cost Ratio = 90%
Variable cost ₹1,80,000
Fixed cost ₹20,000
Answer & explanation
Correct answer: option 2
The correct answer is option (2) - 0
Net income= Sales- variable cost- fixed cost
= 2,00,000 - 1,80,000 - 20,000
= 0