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Compute the contribution margin ratio compute the

A pants maker is designing a new line of pants called the Redbird. The pants will sell for $325 per pair and cost $260 per pair in variable costs to make.

(1) Compute the contribution margin per pair. (Omit the "tiny_mce_markerquot; sign in your response.)

(2) Compute the contribution margin ratio. (Omit the "%" sign in your response.)

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