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%?

Please help I am lost

Thanks Rob

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- Jan 15th 2008, 03:47 PMdizzy5868[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%?

Please help I am lost

Thanks Rob - Jan 16th 2008, 04:45 AMcolby2152
Are you looking for the profit margin? If the job is sold for 10k, and the indirect costs of the job is 6%, I assume that is percent of the base cost?

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

Profit margin is: http://upload.wikimedia.org/math/d/c...980f98a2e7.png

Can you figure it out from here?