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A product sells for $50 per unit, and the variable costs per unit are $30. What is the contribution margin ratio? A) 20% B) 30% C) 40% D) 60%

A product sells for $50 per unit, and the variable costs per unit are $30. What is the contribution margin ratio? A) 20% B) 30% C) 40% D) 60%

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3EA: A product has a sales price of $150 and a per-unit contribution margin of $50. What is the...
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A product sells for $50 per unit, and the variable costs per unit are $30. What is the contribution margin ratio? A) 20% B) 30% C) 40% D) 60%
Transcribed Image Text:A product sells for $50 per unit, and the variable costs per unit are $30. What is the contribution margin ratio? A) 20% B) 30% C) 40% D) 60%
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