Higgins Corporation sells three products, Product A, Product B, and Product C. Data concerning the company's most recent month of operations, June, appear below:

ProductsTotal

Company

A

B

CSales$1,500,000$750,000$450,000$300,000Variable expenses$450,000$270,000Contribution margin ratio38%Traceable fixed expenses$180,000$150,000$90,000

The total fixed expense for the company was $525,000.

The contribution margin ratio for Product C for June was: