Planning & EstimatingQuestion 613 of 700
Your direct cost on a job is $9,000. You apply a 30 percent markup ON COST. What is the selling price?
a.$11,700
b.$12,857
c.$9,270
d.$11,000
Explanation
Markup on cost of 30% means 9,000 x 0.30 = 2,700 added; selling price = 9,000 + 2,700 = 11,700. Correct answer is $11,700. '$12,857' is the price needed for a 30% MARGIN (9,000 / 0.70). '$9,270' mistakenly adds only 3%. '$11,000' is a rounded distractor.
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