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Find what the contribution margin percentage is

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Reference no: EM132679497

Problem 1: The firm's fixed costs are $60,000, variable cost per unit is $15 and selling price per unit is $20. What the contribution margin percentage is:

Select one:

a. 2.5%
b. 33%
c. 75%
d. 25%
e. 400%

Reference no: EM132679497

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