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Renfrew Corporation has provided the following data concerning its only product: Selling price $ 118 per unit Current sales 22,200 units Break-even sales 16,300 units

Renfrew Corporation has provided the following data concerning its only product:


Selling price	$	118	per unit
Current sales		22,200	units
Break-even sales		16,300	units

The margin of safety as a percentage of sales is closest to:

64%

36%

73%

27%

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