Problem
Pricing Services Watt Car Repair specializes in repairing electric cars. The company uses a 60 percent markup rate on parts to cover parts-related overhead costs and profit margin. It uses a 200 percent markup rate on labor to cover labor-related overhead costs and profit margin. Material and repair parts used $300 Labor used 5 hours at $40 per hour. Compute the bill for a recent job that used the above parts and labor.