A product has a sales price of $230 and a per-unit contribution margin of $115. What is the contribution margin ratio? Contribution margin ratio %

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 4EA: A product has a sales price of $250 and a per-unit contribution margin of $75. What is the...
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A product has a sales price of $230 and a per-unit contribution margin of $115. What is the contribution margin ratio?

Contribution margin ratio fill in the blank 1%

A product has a sales price of $230 and a per-unit contribution margin of $115. What is the contribution margin ratio?
Contribution margin ratio
%
Transcribed Image Text:A product has a sales price of $230 and a per-unit contribution margin of $115. What is the contribution margin ratio? Contribution margin ratio %
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