A product has a sales price of $234 and a per-unit variable cost of $64.What is the contribution margin ratio? Please answer to 2 decimal places
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Solution 1
The contribution margin ratio is calculated by subtracting the variable cost per unit from the sales price per unit, then dividing that result by the sales price per unit. This ratio tells you what percentage of each sales dollar is left over to cover fixed costs and profit after the variable costs 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.
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A product has a sales price of $234 and a per-unit variable cost of $64.What is the contribution margin ratio? Please answer to 2 decimal places
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