Hampton Company is considering the addition of a new product to its cosmetics line. The company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. Relevant information and budgeted annual income statements for each of the products follow. Relevant Information Skin Cream Bath Oil Color Gel Budgeted sales in units (a) 120,000 216,000 72,000 Expected sales price (b) $7.00 $4.00 $10.00 Variable costs per unit (c) $2.00 $1.00 $6.00 Income statements Sales revenue (a b) $840,000 $864,000 $720,000 Variable costs (a c) (240,000) (216,000) (432,000) Contribution margin 600,000 648,000 288,000 Fixed costs (480,000) (540,000) (120,000) Net income $120,000 $108,000 $168,000 Required Determine the margin of safety as a percentage for each product