Question: SM . 6 3 A small company has $ 4 , 2 5 0 , 0 0 0 in ( annual ) revenue, spends 5
SM A small company has $ in annual revenue, spends of its revenues on purchases, and has a net profit margin of They would like to increase their profits and they are looking at focusing in one of two directions. First, they think they can save on their purchase expenses. Or second, they can focus on increasing sales. By what percentage would they have to increase sales in order to equal a savings to purchasing expenses? Write your answer as a percentage, and display your answer to two decimal places.
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