Nightnurse NPC is a Johannesburg-based nursing home that provides basic primary health care for the elderly. The nursing home consists of 80 single bedrooms for which patients pay a fixed fee for each night that they are admitted. The budget for the 2018 financial year is as follows: Number of beds available Inpatient days Inpatient fees received 80 per day 26 000 per year R1 300 000 Costs Variable Fixed Total Direct supplies R100 000 R100 000 Direct salaries R800 000 R800 000 Patient service overheads R58 000 R102 000 R160 000 Administration R108 000 R150 000 R258 000 R1 066 000 R252 000 R1 318 000 Calculate the contribution margin ratio for the nursing home.