YUX Corporation sells a single product for $50. Its management estimates the following revenues and costs for the year 2020:

Net sales		$525,000		Selling expensesvariable		$20,300
Direct materials		148,000		Selling expensesfixed		18,600
Direct labour		65,900		Administrative expensesvariable		10,000
Manufacturing overheadvariable		18,300		Administrative expensesfixed		10,800
Manufacturing overheadfixed		17,400

A.

Determine the percentage increase in annual profits if YUX Corporation increases its selling price by 20% and all other factors (including demand) remain constant. (Round answer to 2 decimal places, e.g. 15.25%.)

Percent increase in profit

%