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

Fixed costs:
Manufacturing	$ 125 comma 000$125,000
Marketing	24 comma 00024,000
Administrative	20 comma 00020,000
Variable costs:
Manufacturing	$ 110 comma 000$110,000
Marketing	30 comma 00030,000
Administrative	34 comma 00034,000

During the year, the company produced and sold

60 comma 00060,000

units of product at a selling price of

$ 12.40$12.40

per unit. There was no beginning inventory of the product at the beginning of the year.

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

A.

70.470.4 %

B.

53.953.9 %

C.

22.722.7 %

D.

76.676.6 %