Noel & Vang Company sells only one product at a regular price of $9.00 per unit Vanable expenses are 55% of sales and fired expenses are $40.000. Management has decided to decrease the selling price to $8.00 in the hope of increasing its volume of sales What is the contribution margin ratio when the selling price is reduced to 58.00 de unit? Note: Round answer to two decimal places a 38.139 0.40.50% 75464 0.60.50