The following information for the past year for the Blaine Corporation has been provided:

Fixed costs:
Manufacturing	$110,000
Marketing	16,000
Administrative	20,000
Variable costs:
Manufacturing	$115,000
Marketing	22,000
Administrative	42,000

During the year, the company produced and sold 10,000 units of product at a selling price of $18.32 per unit. There was no beginning inventory of product at the beginning of the year.

What is the contribution margin ratio for Blaine Corporation (round to 1 decimal)?

		-77.4%
		-3376.2%
		79.7%
		2.3%