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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 Overhead 17 All

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

Sales $277 Cost of goods sold Direct labor 21 Materials 133 Overhead 17 All other costs 71 Pretax earnings 35

What is the percentage increase in earnings from a 5% savings in materials purchasing?

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