White Tiger Electronics produces CD players using an automated assembly line process. The standard cost of CD players is

$153 per unit (labor,$28;materials,$73;and overhead,$52).The sales price is $275 per unit.

c. To achieve a

15 percent multifactor productivity improvement by reducing overhead costs only, one needs to reduce the overhead cost by ______ percent. (Enter your response as a percent rounded to two decimal places.)

*** Please write out equation used to solve problem. I am going to have this same question on the test, but with different numbers, so I need to know how to solve and not just the answer. Thank you! ***