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Please show me how to solve this step by step! Thank you! 5. Multiple Choice Question 93 Bonita Industries has a product with a selling

*Please show me how to solve this step by step!* Thank you!

5. Multiple Choice Question 93

Bonita Industries has a product with a selling price per unit of $100, the unit variable cost is $30, and the total monthly fixed costs are $300000. How much is Bonita's contribution margin ratio?

30%

70%

150%

333%

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