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What is the cm ratio for coffee klatch

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Reference no: EM132561082

Question 1: Coffee Klatch is an espresso stand in a downtown office building. The average selling price of a cup of coffee is $1.49 and the average variable expense per cup is $0.36. The average fixed expense per month is $1,300. An average of 2,100 cups are sold each month. What is the CM Ratio for Coffee Klatch?

a. 1.319

b 0.758

c. 0.242

d. 4.139

Reference no: EM132561082

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