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Restaurant XXY is committed to changing its menu to provide healthier fare. However, the transition is increasing the costs per meal by 1 0 %

Restaurant XXY is committed to changing its menu to provide healthier fare. However, the transition is increasing the costs per meal by 10% and sales have fallen off by 6%. Profit margin before the change was 11.9%. Sales revenue before the transition was $448 million and the meal costs were $120 million. Assume other costs remained a constant percentage of sales. What is Restaurant XXY's profit margin after the transition?
11.18%
9.98%
8.66%
9.22%
11.98%

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