A construction company was paid a total of \(\$500,000\) for a construction project. The company's only costs for the

[Vincen]

A construction company was paid a total of \(\$500,000\) for a construction project. The company's only costs for the project were for labor and materials. Was the company's profit greater than \(\$150,000?\)

(1) The company's total cost was three times its cost for materials.

(2) The company's profit was greater than its cost for labor.

Answer: C

Source: GMAT Prep