Sturr Market has 3 stores: P, Q, and R. During October, Store P had a contribution margin of $24,000 and a contribution margin ratio of 30%. Store Q had variable expenses of $48,000 and a contribution margin ratio of 40%. Store R had variable expenses of $84,000 and a variable expense ratio of 70% of sales. Sturr Market's total sales were:
A) $320,000
B) $360,000
C) $440,000
D) $280,000
Correct Answer:
Verified
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