Question: We are working on a quote for a customer for a simple project. We think it will take 120 hours of work to get it

We are working on a quote for a customer for a simple project. We think it will take 120 hours of work to get it done. We pay our workers $20/hr and they work 8.6 hours a day. We only work Monday to Friday. This is a simple project so we just want to take the cost of labour for our workers, and add 50% to arrive at our quote for our customer. The 50% should cover any expenses we have plus allow us to make a profit. Select all of the following answers that are correct. Hint, in multiselect questions at least one of the answers has to be correct, but all of the answers might be correct.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!