Computing Minimum Labour rate per Hour to be charged

This topic has 3 replies, 2 voices, and was last updated 6 years ago by John Moffat.

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July 5, 2019 at 6:36 pm #521991
flupsie
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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
July 5, 2019 at 7:29 pm #521998
John Moffat
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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.
July 6, 2019 at 4:48 am #522021
flupsie
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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) ?
July 7, 2019 at 10:04 am #522076
John Moffat
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Sorry, but ‘labour GP’ does not mean anything!!!
I suggest that you watch my free lectures because the lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
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