SaleCo Sells 8,400 Units Resulting in $120,000 of Sales Revenue

SaleCo sells 8,400 units resulting in $120,000 of sales revenue, $35,000 of variable costs, and $45,000 of fixed costs. The contribution margin percentage is ________.

A) 62.5%
B) 70.83%
C) 33.33%
D) 29.17%