The Minccino Companys most recent contribution format income statements show sales volume of 20,000 units, total sales of 300,000; variable expenses of 180,000; and fixed expenses of 70,000.

The firm pursued a strategy that reduced the unit selling price by 1.50 resulting in an increased number of units sold by 25%.

The CONTRIBUTION MARGIN RATIO would (increase/decrease) to ___________%.

Note: Use 2 decimal places; indicate in your solution sheet if the ratio would INCREASE or DECREASE.

SOLUTIONS IN EXCEL FORMAT PLS