Question

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?

Answer 1

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

Answer 2

Answer:

Step-by-step explanation: