Use the information below to answer the following question(s).
Akron Laser Wash sells deluxe car washes for $15 per customer. Variable costs are $9 per wash. Fixed costs are $40,000 per month.
-What is Akron Laser Wash's contribution margin ratio?

Question

Quizplus · Accepted Answer

Contribution margin ratio = (Selling price per unit - Variable cost per unit) / Selling price per unit= ($15 - $9) / $15= $6 / $15= 0.4 or 40%

Use the Information Below to Answer the Following Question(s)