The finance department at Victory Vacations has proposed a new search engine for use by their travel consultants. They charge their clients a flat $225 for each vacation consultation and pay their clerks $26.25 per hour.
Currently, a typical search process requires 62 minutes of each person's time. With the new tool, they will need only 43 minutes per search but they will be charged $1.90 per search in fees.
What is the percent change in multifactor productivity compared to the current search process? (Keep two decimal places)