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Last year, VFT had revenues of $18,500,000. They sold 600,000 air filters through Canadian Tire and other distributors. Their fixed costs were $7,000,000, and their
Last year, VFT had revenues of $18,500,000. They sold 600,000 air filters through Canadian Tire and other distributors. Their fixed costs were $7,000,000, and their contribution margin was 56%. What is their net profit margin?
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