Given the following data: Per Unit Total Sales $15 $30,000 Less variable expenses 8 16,000 Contribution margin 7 14,000 Less fixed expenses 10,000 Operating profit $ 4,000 If sales decrease by 300 units, by what percent would fixed costs have to be reduced in order to maintain current operating profit? Multiple Choice 16.0% < Prev 16 of 40 Next > Multiple Choice 16.0% 21.0% 40.0% 24.0% < Prev 16 of