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A business sells a product for $60 and incurs a variable cost of $30 per unit. What is the contribution margin per unit?

Practice Questions

1 question
Q1
A business sells a product for $60 and incurs a variable cost of $30 per unit. What is the contribution margin per unit?
  1. $20
  2. $30
  3. $40
  4. $50

Questions & Step-by-step Solutions

1 item
Q
Q: A business sells a product for $60 and incurs a variable cost of $30 per unit. What is the contribution margin per unit?
Solution: Contribution Margin = Selling Price - Variable Cost = $60 - $30 = $30.
Steps: 6

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