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Contribution Margin Ratio Calculation : Calculate the contribution margin ratio for a company with sales revenue of $200,000, variable costs of $120,000, and fixed costs

  1. Contribution Margin Ratio Calculation: Calculate the contribution margin ratio for a company with sales revenue of $200,000, variable costs of $120,000, and fixed costs of $50,000. What is the contribution margin ratio, and how is it used in decision-making?

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