Thompson Company makes and sells power tools. The budgeted sales are $450,000, the budgeted variable costs are $150,000, and the budgeted fixed cost is $230,000. What is the budgeted percentage variable cost ratio? (Note: Round your answer to two decimal places.)

a.19.23%

b.89.50%

c.50.50%

d.54.66%

e.33.33%