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24 November, 22:32

EB4.

LO 3.1A product has a sales price of $90 and a per-unit contribution margin of $30. What is the contribution margin ratio?

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  1. 25 November, 00:33
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    1/3 or 33.33%

    Explanation:

    The contribution margin ratio can be calculated using the following formula:

    Contribution margin ratio=Contribution margin per unit / sales price per unit

    In this question

    Contribution margin per unit=$30

    Sale price per unit=$90

    Contribution margin ratio=30/90

    =1/3 or 33.33%
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