Baldwin's product manager is considering lowering the price of the Baker product by $2.50 and wants to know what the impact will be on the products contribution margin. Assuming no inventory carry costs, what will Baker's contribution margin be if the price is lowered?

(baker currently sold 604 units, with a price of $35 , contribution margin of 38%)

select 1 answer

34.00%

31.58%

30.00%

32.30%