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Assertion (A):The business earns a surplus of sale revenue over variable costs, which is called a contribution.Reason (R):Once fixed costs are fully recovered such excess contribution is termed as profit.Select the correct answer from the options given below

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Assertion (A):<br />The business earns a surplus of sale revenue over variable costs, which is called a contribution.<br />Reason (R):<br />Once fixed costs are fully recovered such excess contribution is termed as profit.<br />Select the correct answer from the options given below






 
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