________ is 100 percent minus total variable operating costs as a percentage of total sales.
A) Profit margin
B) Contribution margin
C) Expense ratio
D) Fixed coverage ratio

Question

Quizplus · Accepted Answer

Contribution margin is defined as sales revenue minus variable costs, which can also be expressed as a percentage of sales. This percentage represents the portion of sales revenue that is not consumed by variable costs and therefore contributes to covering fixed costs and generating profit.

________ Is 100 Percent Minus Total Variable Operating Costs as a Percentage