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Find the contribution margin ration for pickets

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Reference no: EM133000829

Question - Sungsam Ltd sells pickets. This year they sold 80,000 pickets at $40 each. Variable cost per unit is $10. Total fixed costs are $200,000. Find the contribution margin ration for pickets?

a. 20%

b. 6.25%

c. 75%

d. 50%

Reference no: EM133000829

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