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Math Help - [SOLVED] Word problem

  1. #1
    dizzy5868
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    [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
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  2. #2
    GAMMA Mathematics
    colby2152's Avatar
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    Quote Originally Posted by dizzy5868 View Post
    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 1.06*6000 = 6360. The resulting profit is 10000-6360=3640.

    Profit margin is:

    Can you figure it out from here?
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