Question: Kyle's Klocks has found a way to reduce their purchasing costs by $5,000 in 2023 . Using the information below from their 2022 Income Statement

 Kyle's Klocks has found a way to reduce their purchasing costs

Kyle's Klocks has found a way to reduce their purchasing costs by $5,000 in 2023 . Using the information below from their 2022 Income Statement and assuming that nothing other than a $5,000 reduction in purchased materials will change, please calculate the percentage change in Kyle's Klocks profits: - Sales =$120,000 - Purchased materials =$60,000 - Direct Labor =$20,000 - SG&A=$20,000 - Profit =$20,000 Enter your percentage as a whole number. For example, if your answer is 15%, enter 15

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