How much profit did the company make on the job


Question: A company billed their customer for 3 hours of work. The billing rate was $50. The employee doing the work was paid $20 per hour. The company incurred costs of $40 which were billed to the customer with no markup. How much profit did the company make on the job based on the above information alone? Select one: $210 $150 $90 $50

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: How much profit did the company make on the job
Reference No:- TGS03417292

Expected delivery within 24 Hours