Noel Vang Company sels only one product at a regular price of $9.00 per unt variable expenses are 58% of sales and fixed expenses are $40.000. Management has decided to decrease the selling price to Sa 00 in the hope of increasing its volume of sales What is the contribution margin ratio when the selling price is reduced to $800 per unit (Note Round answer to two decimal places a 38 13% 0.40.50% c.75.4696 d6050