The margin of safety percentage is closest to 1 answer below »

Kerensky Corporation, a wholesale company, has provided the following data:

Sales per period

1,000 units

Selling price .

$35 per unit

Variable production cost

$15 per unit

Selling expenses

$5,000 plus 5% of selling price

Administrative expenses

$3,000 plus 10% of selling price

The margin of safety percentage is closest to:

A) 46%

B) 60%

C) 42%

D) 62%