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Hau Lee Furniture, Inc., spends 5 0 % of its sales dollars in the supply chain and finds its current profit of $ 1 0

Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $10000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $15000 so he can obtain the bank's approval for the loan. What percentage improvement is needed in the supply chain strategy for profit to improve to $15000? What is the cost of material with a $15000profit?
A decrease of ?% in material(supply-chain) costs is required to yield a profit of $15000, for a new material cost of $?(Enter your response for the percentage decrease to one decimal place and enter your response for the new material cost as a whole number.)

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