A company was paid $500,000. The costs were Labor & Material

Question

36) A company was paid $500,000. The costs were Labor & Materials. Was the company’s profit greater than $150,000? C
a. Total cost was three times cost for materials
b. Profit was greater than cost of labor

OA is  d

goldeneagle94 · Answer

I could answer the question using both the statements at best.

How can it be D ?

anybody else ?

pm4553 · Answer

Can you please explain? how could you answer the questions using both. In any case, I dont see how the OA is D

goldeneagle94 · Answer

C = Cost, l = labor, m = materials, P = Profit

Using both the statements,

C = l + m
C = 3m 
l = 2m

P > 2m

500,000 = P + C

500,000 = P + 3m

Using (A),

500,000 + P > P + 5m

500,000 > 5m  \small \Rightarrow  100,000 > m

Combining (A) & (B) together,

P + 100,000 > 3m

Since, C = 3m

P + 100,000 > C

Since, Cost = Amount - Profit

P + 100,000 > 500,000 - P

\small \Rightarrow  2P > 400,000

\small \Rightarrow  P > 200,000

Answer C.

nookway · Answer

If I recall it correctly this is a GPrep question. Also the correct answer is C. So goldeneagle94 has got it right.

bigtreezl · Answer

500-(L+M)>150?
L+ML

2L+M<500 insuff

together

since L=2M

2L+L/2<500

4L+L<1000

5L<1000

L<200

also since L=2M

M<100

L+M<300

so sufficient

C

A company was paid $500,000. The costs were Labor & Material

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