a cost plus percedntage contract has an estimated cost of rs 120000 with an agreed profit of 10% of the costs.the actual cost of the project is rs 130000.what is the total reimbursement to the seller?
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3
Answer:
Step-by-step explanation:
Estimated Cost= 120,000
Actual Cost= 130,000
Agreed Profit=10%
Reimbursement amount=
Actual cost+% profit of actual cost
=130,000+(10% of 130,000)
= 143,000
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0
Answer:
Step-by-step explanation:
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