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ikrabbe ikrabbe
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7 years ago
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. The total of its variable cost is $150 000. Fixed costs were $180 000. What is Terrific's contribution rate?
A) 62.1%
B) 16.7%
C) 20%
D) 60%
E) 68.4%
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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Posts: 349
7 years ago
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If you guys post the whole solution, it will be more helpful.
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Contribution Rate = (Total Revenue -TVC)/(Total Revenue )=(475000-150000)/475000=0.6842=68.42%
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