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Wesleys income statement is as follows: Sales (10,000 units) $150,000 Less variable costs - 48,000 Contribution margin $102,000 Less fixed costs - 24,000 Net income
Wesleys income statement is as follows:
Sales (10,000 units) $150,000
Less variable costs - 48,000
Contribution margin $102,000
Less fixed costs - 24,000
Net income $ 78,000
What is the contribution margin ratio in percentage?
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