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Pack bikes sells 120 bicycles each month for $400 per unit. Variable cost per unit is $160 and fixed cost total $4,800 per month. What

Pack bikes sells 120 bicycles each month for $400 per unit. Variable cost per unit is $160 and fixed cost total $4,800 per month. What is the contribution margin ratio?

a. 250%

b. 60%

c. 70%

d. 40%

e. None of these

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