The Canton Corporation shows the following income statement. The firm uses FIFO inventory accounting.

CANTON CORPORATION

a$.$ Assume in $202$ the same $14,900-$unit volume is maintained but that the sales price increases by $10$ percent. Because of FIFO inventory policy, old inventory will still be charged off at $$8\mathrm{.}00$ per unit. Aiso assume selling and administrative expense will be $5$ percent of sales and depreciation will be unchanged. The tax rate is $30$ percent. Compute aftertax income for $202.$

Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

Aftertax income

b$.$ In part a$,$ by what percent did aftertax income increase as a result of a $10$ percent increase in the sales price?

Note: Do not round intermediate calculations. Input your answer as a percent rounded to $2$ decimal places.

Aftertax income increased by

$\_\_\_\%$