SOLUTION: I am losing money on a project. The costs of the job are $24 366.18 and the revenue is only $6766.17. I am required to make 15% on this project so I need to figure out what is the
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Question 726564: I am losing money on a project. The costs of the job are $24 366.18 and the revenue is only $6766.17. I am required to make 15% on this project so I need to figure out what is the dollar value of the costs that need to move out of this project to make a revenue margin of 15%.What is the equation I would use to figure this out?
Thank you Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! If I understand this, they are asking -what amount do I need to subtract
from the cost so that the revenue I made comes out to be the new cost plus 15%
Let = amount to be subtracted from cost
Hope I got it
