if sales price is $12 per unit and variable cost is $3 per unit the contribution margin ratio is
$9
75%
25%
$15
Solution:
Contribution margin = Selling price - variable cost
= $12 - $3 = $9
Contribution margin ratio = contribution margin / Selling price
= $9 / $12 = 75%
Hence second option "75%" is correct.
if sales price is $12 per unit and variable cost is $3 per unit the contribution...
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