Teddy Dog Food Incorporated $($TDFI$)$ currently makes and sells one type and size of dog food, a $16$ ounce bag of all$-$natural freeze$-$dried chicken. TDFI sells each bag of food for $$10.$ The Variable Expense per bag of food is $$6.$ Fixed Expenses per month total $$300.$

What is the CM Ratio for TDFI?

Teddy Dog Food Incorporated $($TDFI$)$ currently makes and sells one type and size of dog food, a $16$ ounce bag of all$-$natural freeze$-$dried chicken. TDFI sells each bag of food for $$10.$ The Variable Expense per bag of food is $$6.$ Fixed Expenses per month total $$300.$

What is the CM Ratio for TDFI?

$10\%$

$100\%$

$40\%$

$60\%$