The Big & Sturdy Company manufactures an engine for carpet cleaners called the "Snooper." Budgeted cost and revenue data for the "Snooper" are given below, based on sales of 40,000 units. Sales Less: Cost of goods sold Gross margin Less: Operating expenses Net income P1,600,000 1,120,000 P 480,000 100,000 P 380,000 Cost of goods sold consists of P800,000 of variable costs and P320,000 of fixed costs. Operating expenses consist of P40,000 of variable costs and P60,000 of fixed costs. What is the margin of safety ratio based on the sale of 40,000 units? 150.00% 100.00% 60.00% 50.00%