The information below applies to one unit of a product. Per-unit details: Selling price = $\$20$ Marginal cost = $\$8$ Fixed costs = $\$5$ What is the contribution to sales ratio?
- A$35\%$
- B$40\%$
- C$60\%$
- D$65\%$
Accounting 9706 · AS & A Level · Costs and cost behaviour
The information below applies to one unit of a product. Per-unit details: Selling price = $\$20$ Marginal cost = $\$8$ Fixed costs = $\$5$ What is the contribution to sales ratio?