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Your construction company recently bid against XYZ Construction Company. Your construction costs were $1, 125, 572 and you added a 6% profit and overhead (P&O)

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Your construction company recently bid against XYZ Construction Company. Your construction costs were $1, 125, 572 and you added a 6% profit and overhead (P&O) markup for a total bid of $1, 193, 106. XYZ's bid was $1, 179, 999. What P&O markup would you need to add to your construction costs to get XYZ's bid? 3.48% 5.84% 6.48% 4.84%

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