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If sales are $828,000, variable costs are 80% of sales, and operating income is $230,000, what is the contribution margin ratio? a. 80% b. 24%

If sales are $828,000, variable costs are 80% of sales, and operating income is $230,000, what is the contribution margin ratio? a. 80% b. 24% C. 20% d. 76%

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