A directed change uses rented drying equipment for 4 days at $650 per day. The contract allows 15 percent markup on equipment cost. What equipment amount should be proposed?
Correct Answer
A) $2,990
Base equipment cost is 4 x $650 = $2,600. With 15% markup, the proposal amount is $2,600 x 1.15 = $2,990. Other choices omit markup or use unsupported amounts.
Why This Is the Correct Answer
Base equipment cost is 4 x $650 = $2,600. With 15% markup, the proposal amount is $2,600 x 1.15 = $2,990. Other choices omit markup or use unsupported amounts.
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