# [SOLVED] Word problem

• January 15th 2008, 03:47 PM
dizzy5868
[SOLVED] Word problem
What is the margin of a job of the following job expressed in % with a cost of \$6000, the job sold for \$10000 and the overhead and indirect costs of the job is 6%?

Thanks Rob
• January 16th 2008, 04:45 AM
colby2152
Quote:

Originally Posted by dizzy5868
What is the margin of a job of the following job expressed in % with a cost of \$6000, the job sold for \$10000 and the overhead and indirect costs of the job is 6%?

If so, the total money going out the door is $1.06*6000 = 6360$. The resulting profit is $10000-6360=3640$.