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10.)Sales are $450,000 and variable costs are $270,000. What is the contribution margin ratio? a.67% b.40% c.60% d.Cannot be determined because amounts are not expressed

10.)Sales are $450,000 and variable costs are $270,000. What is the contribution margin ratio?

a.67%

b.40%

c.60%

d.Cannot be determined because amounts are not expressed per unit.

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