The contracter purchased a house and spent 30% of its cost price on repairs and painting and then he sold the house for 3,35,400 and made a profit of 20%.At what price did the contracter purchase the house
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Answer:
Payment Schedule In Your Contract
It shouldn't be more than 10-20 percent of the total cost of the job. Homeowners should never pay a contractor more than 10-20% before they've even stepped foot in their home.
Average General Contractor Markup. To keep things easy, here's a handy markup & margin table for contractors that shows you how much you need to mark things up to achieve your desired profit margin. Most general contractors are looking at about a 35% margin and so they need to a mark-up of 54%, or 1.54.
In the construction services industry, gross margin has averaged 17.18-18.69 percent over 2018. However, suggested margins can be as high as 42% for remodeling, 34% for specialty work, and 25% for new home construction.
Step-by-step explanation: