Quality Stores, Inc., sells several products. Information of average revenue and costs is as follows:

What is the contribution margin percentage? (Round your answer to the nearest whole percent.)
A) 54%
B) 69%
C) 43%
D) 47%

Question

Quality Stores, Inc., sells several products. Information of average revenue and costs is as follows:

What is the contribution margin percentage? (Round your answer to the nearest whole percent.)
A) 54% 
B) 69% 
C) 43% 
D) 47%

Quizplus · Accepted Answer

Contribution margin percentage = ($20 - $4 - $1.80 - $0.4 - $3) / 20 = 54%