Personal Electronix sells computer tablets and MP3 players. The business is divided into two divisions along product lines. CVP income statements for a recent quarters activity are presented below.

		Tablet Division		MP3 Player Division		Total
Sales		$671,000		$429,000		$1,100,000
Variable costs		496,540		253,110		749,650
Contribution margin		$174,460		$175,890		350,350
Fixed costs						128,037
Net income						$222,313

(b)

Calculate the companys weighted-average contribution margin ratio. (Round computations and final answer to 2 decimal places, e.g. 15.26%.)

Weighted-average contribution margin ratio

Enter the weighted-average contribution margin ratio in percentages rounded to 2 decimal places %