Question

albert just started a new electrical construction business. when he finished his first job, he had $673.02 of conduit, wire, hangers, and other materials left over once the job was completed which the client had been billed for the contract. he took this material to his shop and warehoused it. on the next job he bid, he could use 63% of the left over material from the first job. he, of course, quoted buying all new material for the next job. how much additional profit is albert making on the second job just from using the materials he kept from the first job? round to the nearest cent. answer: your answer: units

Explanation:

Step1: Identify the amount of materials for the second - job

Albert can use 63% of the left - over materials for the second job. The total amount of materials for the first job is $673.02$.

Step2: Calculate the profit

The profit is the amount of materials he doesn't use for the second job. The percentage of materials not used for the second job is $100\%−63\% = 37\%$.
The profit amount $P$ is calculated as $P=0.37\times673.02$.
$P = 0.37\times673.02=249.0174$.

Answer:

$249.02$