Question: The contract specifications define the allowable mark - up on a cost proposal as 5 % for equipment and subs, 1 0 % for materials,

The contract specifications define the allowable mark-up on a cost proposal as 5% for equipment and subs, 10% for materials, and 15% for the labor. An agreement was made between the contractor and owner to pay $5,250 for equipment, $26,700 for subs, $57,275 for materials, and $15,600 for labor. Based on the allowance mark-up rates, what is the total mark-up?

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