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( c ) Determine the percentage increase in annual operating income if Cullumber Corporation increases its selling price by 1 6 % and all other

(c)
Determine the percentage increase in annual operating
income if Cullumber Corporation increases its selling price
by 16% and all other factors (including demand) remain
constant. (Round answer to 2 decimal places, e.g.
15.25%.)
Percent increase in profit
%
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