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Business, 30.03.2020 19:18 Jenniferlam12

Discount Airlines is preparing a contribution margin report segmented by route. The following information is available: Atlanta/ New York Miami/LA New York/ Chicago Average ticket price per passenger $900 $1,250 $750 Total passengers served 8,800 7,100 10,200 Total miles flown 121,000 190,000 95,000 The variable costs per unit are as follows: Food/beverage service $7 per passenger Selling $90 per passenger Fuel $15 per mile Wages $20 per mile What is the contribution margin ratio for the Miami/LA route (rounded to one decimal place)?

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