XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 20%, by how much will profits increase? O a. None of the given answer is correct. O b. 30% O c. 90% d. 15% е. 60%
XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 20%, by how much will profits increase? O a. None of the given answer is correct. O b. 30% O c. 90% d. 15% е. 60%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 20%, by how
much will profits increase?
а.
None of the given answer is correct.
O b. 30%
O c.
90%
O d. 15%
е.
60%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F15bc240a-2f2e-4ba0-afcc-f1a6341b9e69%2F09582985-408f-4b2a-b7d8-6dd90ac84bb7%2Fo7k2i7a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 20%, by how
much will profits increase?
а.
None of the given answer is correct.
O b. 30%
O c.
90%
O d. 15%
е.
60%
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