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Business, 05.07.2019 23:10 marshallmattah

Dirth company sells only one product at a regular price of $7.50 per unit. variable expenses are 60% of sales and fixed expenses are $30,000. management has decided to decrease the selling price to $6.00 in hopes of increasing its volume of sales (variable expenses were not changed). what is the contribution margin ratio when the selling price is reduced to $6 per unit? 25%40%75%60%

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