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The contribution to sales (C/S) ratio for a business is 0.4 and its fixed costs are $1,600,000. Budget revenue has been set at 6 times
The contribution to sales (C/S) ratio for a business is 0.4 and its fixed costs are $1,600,000. Budget revenue has been set at 6 times the amount of the fixed costs. What is the margin of safety % measured in revenue (to 1 decimal place)
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