If a toy store has a contribution margin ratio of 90% and sells toys for $5...
If a toy store has a contribution margin ratio of 90% and sells toys for $5 each, what is the contribution margin per toy ?
Homework Answers
Solution :
Contribution Margin per Toy = Sale Price per Unit * Contribution Margin Ratio
= $ 5 * 90%
= $ 4.50 per Toy
Contribution Margin per Toy is $ 4.50 per toy.
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If a toy store has a contribution margin ratio of 90% and sells
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