Weighted-average contribution margin ratio

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Reference no: EM131267983

Sorento Company has two divisions: Sporting Goods and Sports Gear. The sales mix is 35% for Sporting Goods and 65% for Sports Gear. The company incurs $70,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. What is the company's weighted-average contribution margin ratio? (Enter ratio in percentage format and round final answer to 2 decimal places, e.g., enter 35.12 to represent a percentage of 35.12%.)

Reference no: EM131267983

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