Tauros Books, Inc. is a major bookseller for four nearby colleges. On average, a book sells for 1,250. Variable selling expenses are 150 per book; the remaining selling expenses are fixed. Variable administrative expenses are 5% of sales; the remainder of the administrative expenses are fixed. The income statement for the quarter is as follows:

Tauros Books, Inc
Income Statement
For the quarter ended September 30, 2021
Sales		3,125,000
Less: Cost of Goods Sold		2,187,500
Gross Margin		937,500
Less: Operating Expenses
Less: Selling Expenses	395,000
Less: Administrative Expenses	281,250	676,250
Net Operating Income		261,250

The TOTAL CONTRIBUTIO MARGIN for the quarter amount to ________________.

SOLUTIONS IN EXCEL PLS