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 markup on a cost proposal as for equipment and subs, for materials, and for the labor. An agreement was made between the contractor and owner to pay $ for equipment, $ for subs, $ for materials, and $ for labor. Based on the allowance markup rates, what is the total markup
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