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What is the contribution margin ratio

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Reference no: EM133075092

Question - Dollmaker manufactures dolls. The sales price of a doll is $15, and the variable cost is $7 per doll. What is the contribution margin ratio?

a. 37.5%

b. 40.0%

c. 53.3%

d. 60.0%

Reference no: EM133075092

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