Question: Current Attempt in Progress Gorrells and Sunn builds high-quality homes ranging in price from $228,000 to $1,050,000. John Ellis, a local physician, has asked Gorrells
Current Attempt in Progress Gorrells and Sunn builds high-quality homes ranging in price from $228,000 to $1,050,000. John Ellis, a local physician, has asked Gorrells and Sunn to show him some house plans. Dr. Ellis has selected a plan that calls for $334,000 in building materials,$216,000 in labor, and $44,000 in add-ons, but he doesn't want to pay more than $579,000 for his home. Gorrells and Sunn typically prices its homes based on the total cost of construction plus 19%. (a) What price would Gorrells and Sunn normally quote for this house plan? Quoted price $
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