C and D
Agriculture was very profitable for the southern states
And
Climate conditions favored agriculture industries
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The answer to your question is
Answer:
0.7
Explanation:
Given the following :
Current sales price per unit = $150
Variable cost per unit = 30% of sales price
30% of sales price
0.3 × $150 = $45
Contribution margin ratio :
Contribution margin ratio = (sales price per unit - variable cost per unit) / sales price per unit
Contribution margin ratio:
$(150 - 45) / $150
$105 / $150 = 0.7
= 70%
