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JCO Plc Ltd. sells two models of their product in Germany, the Low-End model and the High-End model. They have supplied the following data: Low-End

JCO Plc Ltd. sells two models of their product in Germany, the Low-End model and the High-End model. They have supplied the following data:

Low-End High-End
Selling Price $ 42 $ 98
Expected Unit Sales per month 2,300 12,000
Variable Production costs per unit $ 18 $ 24
Variable selling and administrative costs per unit $ 8 $ 10

Fixed Expenses are $65,472 per month.

JCO's contribution margin ratio for the High-End model is to closest to:

Select one:

A.51.70%

B.65.31%

C.38.10%

D.58.10%

E.46.56%

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