Elementary Technical Mathematics

Published by Brooks Cole
ISBN 10: 1285199197
ISBN 13: 978-1-28519-919-1

Chapter 4 - Section 4.7 - Relative Error and Percent of Error - Exercise - Page 192: 40

Answer

$\$ 277,852.25$

Work Step by Step

We calculate the maximum acceptable bid by increasing the Architect's estimate by the percentage given in "maximum rate above estimate": $$ 7 \% \times259,675+259,675= 0.07 \times259,675+259,675=18177.25+259,675=\$ 277852.25 .$$
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