Sales are 600000 and variable costs are 390000 What is the c

Sales are $600000 and variable costs are $390000. What is the contribution margin ratio?

54%

Solution

contribution margin ratio 35% Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Sales            600,000.00 Less Variable Expenses          (390,000.00) Contribution Margin = 600,000 - 390,000            210,000.00 Contribution Margin Ratio = 210,000/600,000 35.00%