Cowboy Duds Corporation Manufactures a Western-Style Hat That Sells for $10

Cowboy Duds Corporation manufactures a western-style hat that sells for $10 per unit.This is its sole product and it has projected the break-even point at 50,000 units in the coming period.If fixed costs are projected at $100,000,what is the projected contribution margin ratio?

A) 80 percent
B) 20 percent
C) 40 percent
D) 60 percent