Paint and Sip sells admission tickets for a painting class for $60 each. The cost of providing the canvas and supplies is $31 per ticket and the fixed cost of operating the art gallery is $45,000 per month. The company can accommodate 5400 patrons each month. What is the contribution margin ratio?

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The Answer of Paint and Sip sells admission tickets for a painting class for $60 each. The cost of providing the canvas and supplies is $31 per ticket and the fixed cost of operating the art gallery is $45,000 per month. The company can accommodate 5400 patrons each month. What is the contribution margin ratio?

Paint and Sip Sells Admission Tickets for a Painting Class