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  3. ivanhoe corp. had total variable costs of $120,400

Ivanhoe Corp. had total variable costs of $120,400, total fixed costs of $101,200, and total...

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Question

Accounting

Ivanhoe Corp. had total variable costs of $120,400, total fixed costs of $101,200, and total revenues of $215,000.

(a1)

Calculate contribution margin ratio.

Contribution margin ratio

enter the contribution margin ratio in percentages

 %

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