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Find what is the variable cost percentage

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Reference no: EM132598945

Assume that you are operating a hotel business, calculate the following:

Question a) If revenue from a sale was $4,800 and variable costs were $2,304, what is the variable cost percentage?

Question b) If sales revenue was $24,440 and variable costs were 42 percent, what is the contribution margin?

Reference no: EM132598945

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