A geotechnical engineering firm submitted a project bid of half a million dollars for a major construction project and has now won the contract. Given the only expenses for the project will be labor and materials, will the company generate a profit in excess of $150,000?
(1) The cost for materials accounted for one third of the company's total cost.
(2) The cost of labor was less than the company's profit.
I do not have both OE and OA. First response with the explanation will receive a kudos....
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