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Two builders quote for a particular job. The first builders estimate includes 2,580 for material, 4,896 for labour and 7,945 for overheads. The second builder
Two builders quote for a particular job. The first builders estimate includes 2,580 for material, 4,896 for labour and 7,945 for overheads.
The second builder gives an estimate based on the first builders direct costs. The second builder only includes 95% of the material costs and 75% of the labour costs. The second builder, however, used an overhead absorption rate of 44p per labour pound spent, and uses a mark up of 30% on total cost. What is the total estimated price of this project?
A 5,870
B 10,060 C 6,082 D 5,690
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