Peeler's Smoothie Company Has Provided the Following Information Calculate the Contribution Margin Ratio

question 188

Multiple Choice

Peeler's Smoothie Company has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales price per unit } & \$ 6.50 \\\hline \text { Variable cost per unit } & \$ 2.00 \\\hline \text { Fixed costs per month } & \$ 1500 \\\hline\end{array}$$ Calculate the contribution margin ratio. (Round your answer to two decimal places.)

• A) 225%
• B) 20%
• C) 30.77%
• D) 69.23%

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