Shambo Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range.

Sales (3,000 units) $ 60,000

Variable expenses 42,000

Contribution margin 18,000

Fixed expenses 13,200

Net operating income $ 4,800

The margin of safety percentage is closest to:

A) 27%

B) 70%

C) 22%

D) 8%