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If sales are $814,000, variable costs are 73% of sales, and operating income is $248,000, what is the contribution margin ratio? a.27% b.31% c.69% d.73%

If sales are $814,000, variable costs are 73% of sales, and operating income is $248,000, what is the contribution margin ratio?

a.27%

b.31%

c.69%

d.73%

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