The contribution margin ratio for the book is (round your final answer to the nearest tenth of a percent. )

Question

Quizplus · Accepted Answer

The contribution margin ratio is calculated by dividing the contribution margin by the sales revenue. The contribution margin is the difference between the sales revenue and the variable costs. In this case, the sales revenue is $100,000 and the variable costs are $48,500. Therefore, the contribution margin is $51,500. The contribution margin ratio is then calculated as $51,500 / $100,000 = 51.5%.

The Contribution Margin Ratio for the Book Is (Round Your