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How find what is contribution margin ratio

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Reference no: EM132598027

Question 1: A company's product sells for birr 150 and has variable costs of birr 60 associated with the product. What is its contribution margin ratio?

a. Birr 10

b. Birr 40

c. Birr 60

d. Birr 90

Reference no: EM132598027

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