Question

You are giving a bid to install the fencing on an acre of ground at a total cost of $1,729. The cost of materials is $845. If you are paying three employees $6 per hour and the fence installation
requires 27 hours when all three employees are working, determine how much you will be required to pay in wages. What will be your gross profit on the job?
Wages = $
Gross profit = $0

Answer 1

Answer:

Wages = $1331 Gross Profit = $398

Step-by-step explanation:

1. you figure out the employees wages by doing 6*27=162

2. Then do 162 times by 3 because you have three employees

and you get 486

3. Then you add 486 to the material cost to get wages

4. then subtract your wages to the bid and then thats your Gross Profit