Paxton Corp Has Provided the Following Data Concerning Its Operations

Paxton Corp has provided the following data concerning its operations last month:
$\begin{array} { | l | r | } \hline \text { Sales } & \$ 400,000 \\\hline \text { Variable expenses } & \$ 250,000 \\\hline \text { Fixed expenses } & \$ 100,000 \\\hline\end{array}$ Paxton Corp is a retailing organization.


-What is the contribution margin ratio?

A) 12.5%.
B) 33.0%.
C) 25.0%.
D) 37.5%.

Correct Answer:

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