Question: i dont need explanation. Determine the contribution margin ratio from the following information: Fixed costs = $100,000, profit = $15,000, selling price per unit =

i dont need explanation.

Determine the contribution margin ratio from the following information:

Fixed costs = $100,000, profit = $15,000, selling price per unit = $50 and variable cost per unit = $30

Group of answer choices

60%

50%

40%

30%

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