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Stanley's Bicycles store buys bicycles on average for $640 and sells them on average for $790. He pays a sales commisson of 15% of sales
Stanley's Bicycles store buys bicycles on average for $640 and sells them on average for $790. He pays a sales commisson of 15% of sales revenue to his sales start Stamey pays $1,700 a month rant for his store, and aso pays $8,000 a month to his staff in addition to the commissions Stanley sold 150 bicycles in June if Stanley prepares a contribution margin income statement for the month of June, what would be his contribution marge? OA $17,775 O $100,725 OC. $118.500 OD. $4,725
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