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 variable cost ratio? (Note: Round answer to two decimal places.)

a.54.66%

b.33.33%

c.19.23%

d.89.50%

e.50.50%