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Determine the contribution margin ratio for Summit Solutions Ltd. based on the following financial data for the quarter ended March 31, 2024: Sales Revenue: $250,000
- Determine the contribution margin ratio for Summit Solutions Ltd. based on the following financial data for the quarter ended March 31, 2024:
- Sales Revenue: $250,000
- Variable Costs: $100,000
- Fixed Costs: $80,000
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