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D) $3.18 24) Electric Jet Skis operates a jet ski rental business. Assume the jet skis rent for $50 per 6 hours. The variable costs

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D) $3.18 24) Electric Jet Skis operates a jet ski rental business. Assume the jet skis rent for $50 per 6 hours. The variable costs are $10 per 6 hours rental, and its fixed costs are $85,000 each month. What is the contribution margin ratio? A) 20% B) 80% C)500% D) 10%

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