Coffee Klatch is an espresso stand in a downtown office building. The average selling price of a cup of coffee is $1.59 and the average variable expense per cup is $0.56. The average fixed expense per month is $1,450. 2,200 cups are sold each month on average. What is the CM Ratio for Coffee Klatch? Express as a percentage. Go to one decimal place (ex. 71.8%) Hint: you can calculate CM ratio by using total numbers or per unit numbers. I'd recommend per unit...it is easier. CM ratio = Total CM/Total Sales or Unit CM/Sales price per unit

A. 35.2%

B. 73.8%

C. 64.8%

D. 71.1%