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If sales are $806,000, variable costs are 79% of sales, and income from operations is $269,000, what is the contribution margin ratio? a. 79% b.

If sales are $806,000, variable costs are 79% of sales, and income from operations is $269,000, what is the contribution margin ratio?

a. 79%

b. 21%

c. 25%

d. 75%

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