Answer:
the Profit earned by the company is $280,489
Step-by-step explanation:
Total Cost of 5 projects awarded = $7,435,000
Cost of Project 1 = $1,245,000
Cost of Project 2 = $985,689
Cost of Project 3 = $1,723,000
Cost of Project 4 = $2,567,054
Cost of Project 5 = $633,768
We need to find the profit earned by the company.
First we need to find Total cost spent on all 5 projects.
It can be found by adding cost spent on all projects.
Total cost spent on all 5 projects = Cost of Project 1 + Cost of Project 2 + Cost of Project 3 + Cost of Project 4 + Cost of Project 5
Total cost spent on all 5 projects = $1,245,000+ $985,689 + $1,723,000+ $2,567,054 + $633,768
Total cost spent on all 5 projects = $7,154,511
Now we can calculate profit earned using formula:
Profit earned = Total Cost of 5 projects awarded - Total cost spent on all 5 projects
Profit earned = $7,435,000 - $7,154,511
Profit earned = $1,280,489
So, the Profit earned by the company is $280,489
