A business gave the following details for a product. For each unit ($): selling price $20.00$, variable cost $12.50$, fixed cost $3.50$. What is the contribution to sales ratio?
- A$20\%$
- B$37.5\%$
- C$62.5\%$
- D$80\%$
Accounting 9706 · AS & A Level · Costs and cost behaviour