Johnson Construction Company uses cost-plus pricing to determine costs and place bids on local jobs. The manager needs to comput

Question

3 years ago

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Johnson Construction Company uses cost-plus pricing to determine costs and place bids on local jobs. The manager needs to comput

e the cost-plus price to place a bid on a community swimming pool, deck, and spa. The estimated cost associated with the new project is $225,000. The markup on the project cost is 40%. What is the cost-plus price required to bid on the new project?

Business

1 answer:

dangina [55] · Answer 1 · 2022-01-30T12:20:54+03:00

Answer:

Price= $315,000

Explanation:

Giving the following information:

The manager needs to compute the cost-plus price to place a bid on a community swimming pool, deck, and spa. The estimated cost associated with the new project is $225,000. The markup on the project cost is 40%.

Price= 225,000* 1.40= $315,000