Question: 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 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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