A diner has a contribution margin ratio of 17%. If fixed costs are S176,800, how many dollars

Question:

A diner has a ratio of 17%. If fixed costs are S176,800, how many dollars of revenue must the diner generate in order to reach the break-even point?
A) $282,880
B) $1,040,000
C) $1,060,800
D) $1,105,000
Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...