Percentage logic problem

Discussion in 'Basic Math' started by ESTOBAN, May 9, 2023.

  1. ESTOBAN

    ESTOBAN

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    Hi all a basic question maybe the logic is escaping me any help appreciated.

    A builder submits a total price for a job of £1,500,000 including overheads and a profit of 15%. The build suffers a 12% reduction in work needed. Assuming a profit of 6% and overheads of 9%, determine how much of the expected profit the contractor will lose due to the reduction in the quantity of measured work and why.
     
    ESTOBAN, May 9, 2023
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