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The records of Gemini Company show a contribution margin ratio of 25%. The company desires to earn a profit of $50,000 and has fixed costs

The records of Gemini Company show a contribution margin ratio of 25%. The company desires to earn a profit of $50,000 and has fixed costs of $100,000. What sales revenue would have to be generated in order to earn the desired profit?

Multiple Choice

  • $200,000
  • $155,000
  • $600,000
  • $400,000

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