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Which of the following statements hold true for Contribution? 1. Contribution margin ratio percentage = markup percentage 2. Contribution margin cash value = markup cash

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Which of the following statements hold true for Contribution? 1. Contribution margin ratio percentage = markup percentage 2. Contribution margin cash value = markup cash value 3. Contribution Margin ratio is expressed as a percentage of sales 4. Aggregate contribution = operating income O1 & 3 2 & 3 2 & 4

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