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The Burr Mystery Dinner Theater sells tickets for dinner and a show for $50 each....

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Question

Accounting

The Burr Mystery Dinner Theater sells tickets for dinner and a show for $50 each. The cost of providing dinner is $30 per ticket, and the fixed cost of operating the theater is $100,000 per month. The company can accommodate 15,000 patrons each month. What is the contribution margin ratio?

40%

250%

20%

60%

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