Question

2. Works cost of contract work = 40,000
Administration and Office Expenses is 15% of Works Cost
Profit is 20% on contract price
Find out the Contract Price.​

Answer 1

Answer:

Rs. 54,000

Step-by-step explanation:

Administration and office expenses: 15%

Profit: 20%

Both the percentages added: 35%

35% of 40,000 = 14,000

14,000 added to 40,000 = 54,000

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