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Highland Handbag sells a stylish bag made from bamboo. Highland has been selling 27,000 of these bamboo bags per year, at a selling price of $47.84. Highland has been obtaining these bagts at a variable cost of $29.80 each, but supply chain problems mean that variable cost is about to go up by $6.54 per unit. In response, Highland Handbag plans to raise the bamboo bag’s selling price by $9.46 per unit. What is the PERCENT CHANGE IN QUANTITY such that Highland will JUST BREAK EVEN on these changes in price and variable cost? Be sure to use the correct sign. (Report your answer as a percent. Report 25.5%, for example, as “25.5.” Rounding: tenth of a percent.)
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