Question: If sales are $ 8 2 0 , 0 0 0 , variable costs are 6 9 % of sales, and operating income is $

If sales are $820,000, variable costs are 69% of sales, and operating income is $276,000, the contribution margin ratio is
a.69%
b.65%
c.35%
d.31%
If sales are $820,000, variable costs are 69% of sales, and

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