ABC Company is a honey wholesaler. An income statement and other data for the third quarter of the year are given below:

	ABC Company
	Income Statement For the Quarter Ended September 30
Sales		$960,000
Cost of goods sold		420,000
Gross Profit		540,000
Less operating expenses:
Sales expenses	$200,000
Administrative expenses	75,000	275,000
Net operating profit		$265,000
Other data:
Average selling price	$60 per unit
Sales expenses	Base salaries plus 8% of sales
Administrative expenses	Base salaries plus $2 per unit

ABC Company's Contribution Margin for the 3rd quarter is: