Ito Company Has Provided the Following Information What Is the Contribution Margin Ratio?
A) 18%
B) 38

Multiple Choice

Ito Company has provided the following information: $$\begin{array} { | l | r | } \hline \text { Price per unit } & \$ 48 \\\hline \text { Variable cost per unit } & 18 \\\hline \text { Fixed costs per month } & \$ 20,000 \\\hline\end{array}$$ What is the contribution margin ratio?

A) 18%
B) 38%
C) 48%
D) 63%