Answer the Following Questions Using the Information Below

Multiple Choice

Answer the following questions using the information below:
Nancy's Niche sells a single product. 8,000 units were sold resulting in $80,000 of sales revenue, $20,000 of variable costs, and $10,000 of fixed costs.
-The contribution margin percentage is:

A) 12.5%
B) 25.0%
C) 37.5%
D) 75.0%