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What is the mathematical relationship between selling price, food cost %, and contribution margin? Oa. Selling price/ (1.00 + Food Cost %) = Contribution
What is the mathematical relationship between selling price, food cost %, and contribution margin? Oa. Selling price/ (1.00 + Food Cost %) = Contribution margin Ob. Selling price + (1.00 - Food Cost %) = Contribution margin Oc. Selling price x (1.00 + Food Cost %) = Contribution margin Od. Selling price x (1.00 - Food Cost %) = Contribution margin
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
