Stone Corp sells large polished stones. The firm sells their stones for an average price of $11 per stone and the variable cost of goods sold is $2 per stone. Additionally, the firm pays fixed salaries of $220,000 per year and has annual depreciation expense of $51,500.

Given this info, what is the contribution margin for Stone Corp?

Multiple Choice

• $270,000

• $20

• $9

• $220,000