Oradell Company sells its single product at a price of $60 per unit and incurs the following variable costs per unit of product:

Direct material	$16
Direct labor	12
Manufacturing overhead	7
Variable manufacturing costs	$35
Selling expenses	5
Total variable costs	$40

Oradells annual fixed costs are $880,000, and Oradell is subject to a 30% income tax rate.

If prime costs increased by 20% and all other values remained the same, Oradell Companys contribution margin (to the nearest whole percent) would be

A) 24%

B) 30%

C)20%

D) 76%