Mathematics: Profit is the amount of money that remains after all expenses of a project have been paid. Acme Construction has just completed the construction of a building, and Fred Jones, the project manager, is doing the final accounting. Acme bid $232,500 for the project and was awarded a contract for that amount. The cost of construction, including labor, building materials, and other expenses such as equipment rental was $198,468. What was the profit on this project?The total amount of profit is $.

Profit is the amount of money that remains after

megan5192

04.02.2022

$34032

Step-by-step explanation:

Acme bid $232,500 for the project and was awarded a contract for that amount.

The cost of construction, including labor, building materials, and other expenses such as equipment rental was $198,468.

We know that,

Profit = The amount of money that remains after all expenses of a project have been paid

Profit = $232,500-$198,468

= $34032

Hence, the profit is $34032.

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