SOLUTION: A contractor is paid the value of a contract less a penalty for each day that he is late in completing the contract. If the contractor is 4 days late, he receives £110,000 and if t

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Question 1096573: A contractor is paid the value of a contract less a penalty for each day that he is late in completing the contract. If the contractor is 4 days late, he receives £110,000 and if the contractor is 10 days late, he receives £80,000. Calulate the value of the contract and the daily penalty.
Answer by richwmiller(17219) About Me  (Show Source):
You can put this solution on YOUR website!
c-4p=110000
c-10p=80000