SOLUTION: Gonzales Construction contracted Kentwood High and Memorial Stadium for a total cost of $4.7 million. Because the construction was not completed on time, Gonzales paid 5% of the a

Question 1016982: Gonzales Construction contracted Kentwood High and Memorial Stadium for a total cost of $4.7 million. Because the construction was not completed on time, Gonzales paid 5% of the amount of the high school contract in penalties and 4% of the amount of the stadium contract in penalties. If the total penalty was $223,000, then what was the amount of each contract?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = amount of the high school contract
Let = amount of the stadium contract
----------------------
(1)
(2)
---------------------------
(2)
Multiply both sides of (1) by
and subtract (1) from (2)
(2)
(1)
---------------------------

and
(1)
(1)
(1)
The amount of the high school contract was $3.5 million
The amount of the stadium contract was $1.2 million
----------------------------
check:
(2)
(2)
(2)
(2)
OK
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