Jepson Company is a merchandiser that reported the following intormation based on 1,000 units sold: Sales 500,000 Beginning merchandise inventory 30,000 Purchases 300,000 Ending merchandise inventory 17,000 Fixed selling expense ? Fixed administrative expense 24,000 Variable selling expense 25,000 Variable administrative expense ? Contribution margin 125,000 Net Operating income 70,000

1. Calculate the selling price per unit

2. Calculate the variable cost per unit

3. Calculate the contribution margin per unit