You are giving a bid to install the fencing on an acre of ground at a total cost of $1,613. The cost of materials is $832. If you are paying three employees $5 per hour and the fence installation requires 26 hours when all three employees are working, determine how much you will be required to pay in wages. What will be your gross profit on the job?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
You are giving a bid to install the fencing on an acre of ground at a total cost of $1,613. The cost of materials is $832. If you are paying three employees $5 per hour and the fence installation requires 26 hours when all three employees are working, determine how much you will be required to pay in wages. What will be your gross profit on the job?
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