Directions
If Bill charges $874 and everything goes according to plan, he will break even. But what happens if those fancy windows take longer than expected? Bill can't afford to take a loss, so he prices the job a little higher.
What's more, Bill wants to make a profit. So, he adds 30% to the final price of the job: 10% as a buffer – or financial protection – in case there are problems, plus 20% for profit.
At last, Bill is ready to quote his final price. Help him out with the last two steps.
First, calculate his 30% combined buffer and profit (30% of $874).
Here's how:
- Convert 30% to .30
- Multiply 0.30 X $874
Finally, add the buffer to the actual cost of the job ($874).