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Bellmare Bikes sells 110 bikes each month for $250 each. The variable cost per bike is $125, and Bellmare's fixed costs are $3,500 per month.

Bellmare Bikes sells 110 bikes each month for $250 each. The variable cost per bike is $125, and Bellmare's fixed costs are $3,500 per month. What is the contribution margin ratio? Select answer from the options below 44% 85% 50% 38%

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