A research scientist with a major pharmaceutical firm in New Jersey is caught passing on sensitive information, worth millions o
1 answer:
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Answer:
50%
Explanation:
Given: Selling price= $120 per unit.
Variable cost= $60 per unit.
First computing contribution margin.
Contribution margin=
⇒ Contribution margin=
∴ Contribution margin=
Now, calculating the contribution margin ratio.
Contribution margin ratio=
⇒ Contribution margin ratio=
∴ Contribution margin ratio=
Hence, the product´s contribution ratio is 50%.