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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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