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I would like to know how to compute the minimum labour rate one should be charging per hour in a workshop repairing and servicing of vehicles
Why? If you are referring to a specific question then give details of the question – there is no standard rule and it depends on the information in the question.
I assume that you have watched my free lectures? They are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
Say the average cost per technician is say R 100 and the labour GP is 60%, would it be correct in calculating the min labour rate as 100/(1-0.60) ?
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