What is the percent change in multifactor productivity

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The finance department at Victory Vacations has proposed a new search engine for use by their travel consultants. They charge their clients a flat $45 for each vacation consultation and pay their clerks $25.25 per hour.

Currently, a typical search process requires 60 minutes of each person's time. With the new tool, they will need only 40 minutes per search but they will be charged $2.90 per search in fees.

What is the percent change in multifactor productivity compared to the current search process? (Keep two decimal places)

Reference no: EM132297179

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