Weatherspoon Company has a product with a selling price per unit of $200 the unit variable cost is $110 and the total monthly fixed costs are $300000. How much is Weatherspoon's contribution margin ratio?

A) 45%
B) 55%
C) 150%
D) 182%

Contribution Margin Ratio

The percentage of sales revenue that remains after deducting variable costs, used to cover fixed costs and generate profit.

Variable Cost

Costs that change in proportion to the level of goods or services produced by a business.