Question

Samsung produces cell phones that have a selling price of $575 and a variable cost of $129. What is the contribution margin?

Answer 1

Given:

The selling price of $575 and a variable cost of $129.

Based on the given condition, formulate:

$\begin{gathered} 575-129=446 \\ =446\times\frac{100}{100} \\ =\frac{446\times100}{100} \\ =\frac{44600}{100} \\ =44600\text{ \%} \end{gathered}$

Hence, the required answer is 44600%.