Multiple Choice
Laredo,Inc.has a contribution margin ratio of 45%.This month,sales revenue was $200,000,and profit was $40,000.If sales revenue increases by $20,000,by how much will profit increase?
A) $1,800
B) $4,500
C) $5,000
D) $9,000
Correct Answer:
Verified
Correct Answer:
Verified
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