Contribution margin ratio equivalent

Reference no: EM13156032

Arnold Corp has a selling price of $20, variable costs of $15 per unit, and fixed costs of $25,000. If Arnold sells 12,000 units, the contribution margin ratio will equal:

A. $60,000

B. 25%

C. 14.6%

D. 10.4%

Reference no: EM13156032

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