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Apple Inc sells a unique product with the following information available: Sales price $170 per unit Variable costs $50 per unit Fixed costs $20000 Units

Apple Inc sells a unique product with the following information available:

Sales price

$170 per unit

Variable costs

$50 per unit

Fixed costs

$20000

Units produced and sold

2500

What is the contribution margin ratio?

Select one:

70.59%

2.40%

61.18%

41.67%

Clear my choice

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