Engineering Board Exam Reviewer · ECE · hard
Under a cost-plus-10%-fee contract, the actual cost of a telecom shelter installation is ₱1,800,000. What does the owner pay in total?
- ₱1,800,000.00
- ₱180,000.00
- ₱2,000,000.00
- ₱1,980,000.00
Answer
D. ₱1,980,000.00
Solution
Total = cost + 10% fee = 1,800,000 × 1.10 = ₱1,980,000.00.
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