A geotechnical engineering firm submitted a project bid of h : GMAT Data Sufficiency (DS)
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# A geotechnical engineering firm submitted a project bid of h

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Status: Working hard to score better on GMAT
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A geotechnical engineering firm submitted a project bid of h [#permalink]

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14 Jun 2013, 10:15
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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.... _________________ Do not forget to hit the Kudos button on your left if you find my post helpful. Math Expert Joined: 02 Sep 2009 Posts: 36618 Followers: 7100 Kudos [?]: 93562 [0], given: 10578 Re: A geotechnical engineering firm submitted a project bid of h [#permalink] ### Show Tags 14 Jun 2013, 11:43 atalpanditgmat wrote: 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....

"Stolen" GMAT Prep question:
Quote:
A construction company was paid a total of $500,000 for a construction project. The company's only costs for the project were for labor and materials. Was the company's profit greater than$150,000?

(1) The company's total cost was three times its cost for materials.
(2) The company's profit was greater than its cost for labor

Discussed here: a-construction-company-was-paid-a-total-of-500-000-for-a-97745.html
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Re: A geotechnical engineering firm submitted a project bid of h   [#permalink] 14 Jun 2013, 11:43
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