A business sells a product with variable costs per unit of $30. per period. The selling price per unit is $100. Assuming 1,000 units are sold in a period, what is the contribution margin for the period?

A) $60,000.
B) $30,000.
C) $70,000.
D) $100,000.

Contribution Margin

The amount remaining from sales revenue after all variable expenses have been deducted, indicating how much contribution towards covering fixed costs and generating profit.

Variable Costs

Expenses that vary directly with the level of production or sales volume.

Selling Price

The price at which a product or service is offered for sale to consumers.