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A company has the following financial information (in millions of $): Sales $277 Cost of goods sold Direct labor 21 Materials 133 Transparency 17 All

A company has the following financial information (in millions of $):

Sales $277

Cost of goods sold
Direct labor  21
Materials 133
Transparency 17

All other costs 71

Earnings before taxes 35

What is the percentage increase in profit from saving 5% on the purchase of materials?

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