Homework Answers
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| Correct option is: C. $72,400 | |||
| Workings: | |||
| Contribution margin ($220000 X 56%) | = | $ 1,23,200 | |
| Less: | Profit | = | $ -50,800 |
| Fixed cost | = | $ 72,400 | |
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Laredo, Inc. has a contribution margin ratio of 60%. This month, sales revenue was $234,000, and profit was $45,000. If sales revenue increases by $37,000, by how much will profit increase? Multiple Choice Ο S17700 Ο 52700 ο Ο $22, 200 Ο Ο $6000
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