If the contribution margin per unit is $15 and selling price per unit is $20, the contribution margin ratio is:Group of answer choices133%.75%.60%.80%.

Question

If the contribution margin per unit is $15 and selling price per unit is $20, the contribution margin ratio is:Group of answer choices133%.75%.60%.80%.
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Solution 1

The contribution margin ratio is calculated by dividing the contribution margin per unit by the selling price per unit.

Here's how you can calculate it:

Step 1: Identify the contribution margin per unit and the selling price per unit. In this case, the contribution margin per unit is $15 and the Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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