Coronado Industries produces tinted SPF $100$ moisturizer that it sells for $$125$ each. Each bottle costs $$15$ of variable costs to make.

During the most recent quarter, $1400$ bottles of moisturizer were manufactured and sold. Fixed costs for the quarter were $$21$ per unit for a total of $$29400.$ What is the company's contribution margin ratio?

$12\%$

$15\%$

$21\%$

$88\%$