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Psari's, a company that sells fishingnets, provides the following information about itsproduct: Targeted operating income $50,000 Sales price per unit 10.00 Variable cost per unit

Psari's, a company that sells fishingnets, provides the following information about itsproduct:

Targeted operating income

$50,000

Sales price per unit

10.00

Variable cost per unit

2.50

Total fixed costs

115,000

What is the contribution marginratio? (Round any intermediate calculations and your final answer to two decimalplaces.)

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