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If sales are $20,000, variable costs are $8,000, and fixed costs are $2,000, the contribution margin ratio is: (rounded to the nearest number) a. 50%

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If sales are $20,000, variable costs are $8,000, and fixed costs are $2,000, the contribution margin ratio is: (rounded to the nearest number) a. 50% O b. O 40% C. 10% d. 60% e. O None of the given answers

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