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If sales are $820,000, variable costs are 66% of sales, and operating income is $250,000, what is the contribution margin ratio? a.66% b.62% c.38% d.34%

If sales are $820,000, variable costs are 66% of sales, and operating income is $250,000, what is the contribution margin ratio?

a.66%

b.62%

c.38%

d.34%

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