FL Residential Practice Questions - Florida Certified Residential Contractor Examination Exam

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A contractor adds a 12% overhead percentage and an 8% profit percentage to direct job costs of $325,000. Using the standard method where overhead and profit are each applied to direct costs, what is the bid price?

$$390,000 $$383,500 $$402,000 $$351,000

Correct Answer:

$$390,000

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