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Laredo, Incorporated, has a contribution margin ratio of 60%. This month, sales revenue was $197,000, and profit was $34,000. If sales revenue increases by $48,000,

Laredo, Incorporated, has a contribution margin ratio of 60%. This month, sales revenue was $197,000, and profit was $34,000. If sales revenue increases by $48,000, by how much will profit increase? Multiple Choice $2040 $6,000 $25.400 $28.800

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