Blossom Manufacturing Ltd. has provided you with the following CVP income statement.

Sales(1,100 Units) $726,000

Variable Costs:

Cost of Goods Sold 329,560

Selling Expenses 63,800

Administrative Expenses 49,500

Contribution Margin 283,140

Fixed Costs:

Cost of Goods Sold 111,100

Selling Expenses 38,500

Administrative Expenses 22,000

Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.)