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What is the contribution margin if the selling price is $200, variable costs are

Practice Questions

Q1

What is the contribution margin if the selling price is $200, variable costs are $120, and fixed costs are $50?

$80
$120
$50
$200

Questions & Step-by-Step Solutions

What is the contribution margin if the selling price is $200, variable costs are $120, and fixed costs are $50?

Step 1: Identify the selling price, which is $200.
Step 2: Identify the variable costs, which are $120.
Step 3: Use the formula for contribution margin: Contribution Margin = Selling Price - Variable Costs.
Step 4: Substitute the values into the formula: Contribution Margin = $200 - $120.
Step 5: Calculate the result: $200 - $120 = $80.

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