Clipper Company sells two types of nail clippers. One focuses on the economy oriented customer and the other aims to satisfy the high-end clientele. The economy clipper cost $4 and has a sales price of $8. The high-end model costs $8 and sales for $13. Fixed costs associated with this product line amount to $62,700. Economy clippers constitute 70 percent of the market with the remaining 30 percent being high-end clippers. Based on this information what is the weighted average contribution margin?

Multiple Choice

• $5.8

• $4.8

• $4.3

• $1.0 Please show all formulas