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What the contribution margin ratio is closest to

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Reference no: EM132787104

Karnak Corporation, a wholesale company, has provided the following data:

Sales per period: 1,000 units

Selling price: 35 per unit; Variable production cost: KD 15 per unit

Selling expenses: KD 5,000 plus 5% of selling price

Administrative expenses: KD 3,000 plus 10% of selling price

Problem 1: The contribution margin ratio is closest to:

Select one:

a. 57%

b. 17%

c. 62%

d. 42%

Reference no: EM132787104

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