Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Scott Confectionery sells its Stack-o-Choc candy bar for $0.8. The variable cost per unit for the candy bar is $0.45; total fixed costs are $175,000.
What is the contribution margin ratio for the Stack-o-Choc candy bar? (Round ratio to 2 percentage places, e.g. 0.3875 = 38.75%.)
Contribution margin ratio |
enter contribution margin ratio in percentages rounded to 0 decimal places
|
% |
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