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What the contribution margin equalled

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Problem 1: Ginalyn Company's gross margin exceeded its contribution margin by P25,000. If sales totalled P175,000 when net income equalled P20,000 and total selling and administrative expenses equalled P55,000, then the contribution margin equalled.

A. P 50,000

B. P 30,000

C. P 80,000

D. P 75,000

Reference no: EM132745864

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