A company has the following financial information (in millions of $):
What is the percentage increase in earnings from a 5% savings in materials purchasing?
A) 5.0%
B) 14.3%
C) 12.63%
D) 19.0%

Name: A company has the following financial information (in millions of $): What is the percentage increase in earnings from a 5% savings in materials purchasing? A) 5.0% B) 14.3% C) 12.63% D) 19.0%
Brand: Quizplus
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Question

A company has the following financial information (in millions of $): 
What is the percentage increase in earnings from a 5% savings in materials purchasing?
A) 5.0% 
B) 14.3% 
C) 12.63% 
D) 19.0%

Quizplus · Accepted Answer

0.05 * 133 = 6.65. 6.65 / 35 = 19.0% increase in earnings from a 5% reduction in materials cost.

A Company Has the Following Financial Information (In Millions of $)