Math Problem Statement
If the material cost for a job is $6,700, the labor cost is $30/hour per person for a three-person crew to put in four 8-hour days, the overhead for labor is 14%, and the markup for parts is 15%, what is the total cost for this job?
Solution
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Math Problem Analysis
Mathematical Concepts
Percentages
Multiplication
Addition
Formulas
Material Cost with Markup = Material Cost + (Markup Percentage * Material Cost)
Labor Cost = Hourly Rate * Number of Workers * Total Hours
Overhead = Overhead Percentage * Labor Cost
Total Cost = Material Cost with Markup + Total Labor Cost with Overhead
Theorems
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Suitable Grade Level
Grades 9-12
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