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What is james contribution margin ratio

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Reference no: EM132745120

Problem 1: John James Junk Food sells brownies for $4 per brownie. Variable costs are $3 per brownie. Fixed costs are $2,500 per month. What is James' contribution margin ratio?

a. 63%
b. 25%
c. 75 %
d. 267%

Reference no: EM132745120

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