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
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:
Can you figure it out from here?