Use the following information for questions
Lonely Guy Repair Service recently performed repair services for a customer that totaled $400. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered: $$\begin{array} { l l }
\text { Total bill } & \$ 600 \
\text { Labor profit margin } & \$ 10 \
\text { Materials profit margin } & 20 \% \
\text { Total labor charges } & \$ 390 \
\text { Cost of materials used } & \$ 120 \
\text { Total hourly cost } & \$ 22.50
\end{array}$$
-What was the material loading charge?
A) 37.5%
B) 43.8%
C) 61.3%
D) 75%

Question

Use the following information for questions 
Lonely Guy Repair Service recently performed repair services for a customer that totaled $400. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered: $$\begin{array} { l l } 
\text { Total bill } & \$ 600 \
\text { Labor profit margin } & \$ 10 \
\text { Materials profit margin } & 20 \% \
\text { Total labor charges } & \$ 390 \
\text { Cost of materials used } & \$ 120 \
\text { Total hourly cost } & \$ 22.50
\end{array}$$
-What was the material loading charge?
A) 37.5%
B) 43.8%
C) 61.3%
D) 75%

Quizplus · Accepted Answer

The Answer of Use the following information for questions 
Lonely Guy Repair Service recently performed repair services for a customer that totaled $400. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered: $$\begin{array} { l l } 
\text { Total bill } & \$ 600 \
\text { Labor profit margin } & \$ 10 \
\text { Materials profit margin } & 20 \% \
\text { Total labor charges } & \$ 390 \
\text { Cost of materials used } & \$ 120 \
\text { Total hourly cost } & \$ 22.50
\end{array}$$
-What was the material loading charge?
A) 37.5%
B) 43.8%
C) 61.3%
D) 75%

Use the Following Information for Questions Lonely Guy Repair

Use the Following Information for Questions
Lonely Guy Repair