Question: A contract was negotiated and work was completed. The cost of the work was $10172, The buyer/seller agreed upon estimate was $12442, The agreed upon
A contract was negotiated and work was completed.
The cost of the work was $10172, The buyer/seller agreed upon estimate was $12442, The agreed upon target fee was: $1718; The agreed upon sharing ratio (buyer/seller) was: $65%/35%; and the Price ceiling was: $17783
Using the data above, to the nearest dollar, what was the final price paid by the customer?
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