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

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

by VJesus12 » Wed Jun 02, 2021 10:29 am

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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
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