Sales are $500000 and variable costs are $330000. What is the contribution margin ratio?
A) 52%
B) 34%
C) 66%
D) Cannot be determined because amounts are not expressed per unit.

Question

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The Answer of Sales are $500000 and variable costs are $330000. What is the contribution margin ratio?
A) 52%
B) 34%
C) 66%
D) Cannot be determined because amounts are not expressed per unit.

Sales Are $500000 and Variable Costs Are $330000