Sales are $500,000 and variable costs are $350,000. What is the contribution margin ratio?
A) 43%
B) 30%
C) 70%
D) Cannot be determined because amounts are not expressed per unit.

Question

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The Answer of Sales are $500,000 and variable costs are $350,000. What is the contribution margin ratio?
A) 43%
B) 30%
C) 70%
D) Cannot be determined because amounts are not expressed per unit.

Sales Are $500,000 and Variable Costs Are $350,000