Good day John and thank you for all the free lecture ?
My question is: how did the 100 come about since it wasn’t stated in the question.
What I did earlier was 10% X 4590 = 459.
Then I subtracted 459 from the 4590 hours given = 4131
Next, 4131 X $8 = $33,048.
Could you explain why you used a 100 as the Margin part of Cost-Plus Pricing is a bit of a challenge considering you used the same method of using a 100.