Multiple Choice
The bookstore on your university campus uses a pricing approach where all items are marked up 50%. For a new shipment of new school hoodies, the items wholesale price is $40, so the selling price is $60. What is the contribution margin for the hoodies?
A) $20
B) $40
C) 50%
D) $100
Correct Answer:
Verified
Correct Answer:
Verified
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