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If sales are $815,000, variable costs are 79% of sales, and operating income is $262,000, what is the contribution margin ratio? a.21% b.25% c.75% d.79%

If sales are $815,000, variable costs are 79% of sales, and operating income is $262,000, what is the contribution margin ratio?

a.21%

b.25%

c.75%

d.79%

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