Question 4 1 pts The Minccino Company's most recent contribution format income statements show sales volume of 50,000 units, total sales of P550,000; variable expenses of P275,000; and fixed expenses of P50,000. The firm pursued a strategy that reduced the unit selling price by P1.50 resulting in an increased number of units sold by 25%. The PROFIT RATIO would (increase/decrease) to %. Use 2 decimal places; indicate in your solution sheet if the ratio would INCREASE or DECREASE. Question 8 1 pts The Minccino Company's most recent contribution format income statements show sales volume of 50,000 units, total sales of P550,000; variable expenses of P275,000; and fixed expenses of P50,000. The firm pursued a strategy that increased the unit selling price by 12% and increased the variable expenses by PO.60 per unit resulting in a decreased number of units sold by 10%. The CONTRIBUTION MARGIN RATIO would (increase/decrease) to %. Use 2 decimal places; indicate in your solution sheet if the ratio would INCREASE or DECREASE