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What was its contribution margin

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Question - The Card Shop buys and sells cards. They buy cards for $25 and sell them for $35, on average. The Shop pays its employees 10% commission on each sale. The shop's rent is $1,200 per month, and salaries are $1,500 a month. If the shop sold 4,000 cards last year, what was its contribution margin?

a. $8,000

b. $22,000

c. $26,000

d. $40,000

Reference no: EM132612341

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