An approved window replacement change has $7,200 in documented base cost and a signed 12.5 percent markup. What total price should be shown on the change order?
Correct Answer
A) $8,100.
Twelve and one-half percent of $7,200 is $900. Adding it to the base cost gives $8,100.
Why This Is the Correct Answer
Twelve and one-half percent of $7,200 is $900. Adding it to the base cost gives $8,100.
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The bathroom addition progress billing file starts with a $34,600 signed contract and a $3,900 written change order. At 40 percent complete with $4,750 already paid, what additional payment brings billing to the current work value?