SaskAlloy produces a certain type of metallic magnet which is used in making door buzzers.

SaskAlloy forecasts asaleof2,000,000units of this magnet for 2021. Thesale priceof the magnet is$3per unit.Producingeach unit of magnet requires$0.6 in laborand$1.5 in material. SaskAlloy has calculated anoverheadof$1,500,000 in fixed coststo produce the magnets. The mentioned fixed cost includes various lines including the cost of running a production line, depreciation of the production equipment, renting a warehouse, and transportation.

Calculate the profit margin if SaskAlloy reaches an agreement with its metal supplier to reduce the cost of raw material by 10%.