You are bidding on a construction project. The low bid gets the project. You estimate the project
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You are bidding on a construction project. The low bid gets the project. You estimate the project cost at $10,000. Four companies are bidding against you. It costs $400 to prepare the bid. Write a formula that (given the bids of your four competitors and your bid) computes your profit (or loss if you lose the bid).
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Assuming that the profit or loss is calculated as the difference between the project cost and the ...View the full answer
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Related Book For
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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