The firm's fixed costs are $60 000, variable cost per unit is $15 and selling price per unit is $20. The contribution margin percentage is

A) 2.5%.
B) 25%.
C) 33%.
D) 400%.

Contribution Margin Percentage

The ratio of contribution margin (sales revenue minus variable costs) to total sales revenue, expressed as a percentage.

Variable Cost Per Unit

The cost that varies with the level of output or sales, calculated on a per-unit basis.

Selling Price Per Unit

The price at which a single unit of a product is sold to customers, not including discount or additional fees.