Baldwins product manager is considering lowering the price, Business Management

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Baldwins product manager is considering lowering the price

Baldwin's product manager is considering lowering the price of the Bolt product by $2.50 and wants to know what the impact will be on the product's contribution margin. Assuming no inventory carry costs, what will Bolt's contribution margin be if the price is lowered?
29.99%
34.00%
31.57%
32.30%

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Business Management: Baldwins product manager is considering lowering the price

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