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Homework answers / question archive / Dairy Days Ice Cream sells ice cream cones for $4 per customer

Dairy Days Ice Cream sells ice cream cones for $4 per customer. Variable costs are $3 per cone. Fixed costs are $2,500 per month. What is Dairy Days' contribution margin ratio?

A) 267%

B) 25%

C) 2%

D) 63%

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