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Nhan entered into a fixed price contract with a contractor to an electrical job at his house. The contract is worth $2,000 and the contractor
Nhan entered into a fixed price contract with a contractor to an electrical job at his house. The contract is worth $2,000 and the contractor hires one workman who he pays $50 per hour. Assuming that the workman takes 1.5 working days to complete the job, uses $600 worth of electrical material, and has no other cost, how much profit did Nhan make on this contract?
$800 $600 James did not make any profit on this job. $1,400
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