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Rodeo, Inc. has a contribution margin ratio of 45%. This month, profit was $40,000 and fixed costs were $50,000. How much was Laredo's sales

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Rodeo, Inc. has a contribution margin ratio of 45%. This month, profit was $40,000 and fixed costs were $50,000. How much was Laredo's sales revenue? $40,500 $90,000 $111.111 O $200,000

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