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Knox Corporation has a sales price of $ 2 8 . 0 0 , variable costs of $ 1 8 . 7 6 per unit,

Knox Corporation has a sales price of $28.00, variable costs of $18.76 per unit, and fixed costs of $22,000. If Knox sells 9,200 units, the contribution margin ratio will equal:
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$46,000.
33.00%
93.80%
15.72%
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