The ingredients for your braised ribs cost $11.32. You sell it for $20. What is your contribution margin?

Question

The ingredients for your braised ribs cost $11.32. You sell it for $20. What is
your contribution margin?

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Philomena 1 year 2021-09-01T08:59:14+00:00 2 Answers 0 views 0

Answers ( )

  1. thuhuong
    0
    2021-09-01T09:00:26+00:00
    Reply

    Answer:

    .03472

    Step-by-step explanation:

    take sell price $20. subtract cost of 11.32 which equals 8.68. then divide 8.68 by the sell price $20

    The formula for contribution margin is the sales price of a product minus its variable costs. In other words, calculating the contribution margin determines the sales amount left over after adjusting for the variable costs of selling additional products.

  2. yenoanh
    0
    2021-09-01T09:00:39+00:00
    Reply

    The answer should be 0.3472

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