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Dairy Days Ice Cream sells ice cream cones for $ 6.00per customer. Variable costs are $ 5.00per cone. Fixed costs are $ 2,500 per month.
Dairy Days Ice Cream sells ice cream cones for $ 6.00per customer. Variable costs are $ 5.00per cone. Fixed costs are $ 2,500 per month. What is Dairy Days' contribution margin ratio?
A. 266% B. 17% C. 55% D. 58%
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