Griggs Company produces a single product with a current selling price

of $$170.$ Variable costs are $$130$ per unit, and fixed costs per month

average $$6,240.$ Management is considering increasing the selling

price to a proposed $$190$ per unit. Assume that the variable cost per

unit of the product and monthly fixed expenses will not change as a

result of the proposed increase in selling price.

Hint: Treat each situation $($current and proposed price$)$ as separate

potential scenarios when evaluating each question.

At the eurient telling price of $3170$ pet arit, the contibution margin ratio is

apprisaimetely