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Homework answers / question archive / Electric Jet Skis operates a jet ski rental business
Electric Jet Skis operates a jet ski rental business. Assume the jet skis rent for $55 for 6 hours. The variable costs are $33 per 6 hour rental, and its fixed costs are $80,000 each month. What is the contribution margin per 6 hour jet ski rental?
A) $33.00
B) $0.40
C) $22.00
D) $2.50