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If the contribution ratio is 60%, fixed costs are $10,000, target operating profit is $2,000, and variable costs are $5,000, calculate the target revenue needed.
If the contribution ratio is 60%, fixed costs are $10,000, target operating profit is $2,000, and variable costs are $5,000, calculate the target revenue needed.
Select one:
a. $16,000
b. $18,000
c. $30,000
d. $20,000
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