Question

You have been quoted $107,365 for an order of lumber. You expect lumber prices to increase by 2.5% between now and the time you place the order. How much should you include in your bid to cover the cost of the lumber.

Answer 1

Hi, look below :>

Step-by-step explanation:

To calculate the amount you should include in your bid to cover the cost of the lumber, you need to take into account the expected increase in lumber prices.

Step 1: Calculate the increase in price:$107,365 x 2.5% = $2,684.13

Step 2: Add the increase to the original quote:$107,365 + $2,684.13 = $110,049.13

Therefore, you should include $110,049.13 to cover the cost of the lumber.

__________________________________________________________

Hope it helps :D