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Glenroy entered into a fixed price contract with a contractor to do an electrical job at his house. The contract is worth $2000 and the
Glenroy entered into a fixed price contract with a contractor to do an electrical job at his house. The contract is worth $2000 and the contractors hires 1 workman who he pays $50 per hour. Assuming that the workman take 1.5 working days to complete the job, he uses $600 worth or electrical material and has no other cost, how much profit did Glenroy make on this contract? Question 30 options: 1) $800 2) $1400 3) $0 4) $600
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