question 7 (1 point) albert just started a new electrical construction business. when he finished his first…

question 7 (1 point) albert just started a new electrical construction business. when he finished his first job, he had $673.02 of conduit, wire, hangers, and other materials left over once the job was completed which the client had been billed for the contract. he took this material to his shop and warehoused it. on the next job he bid, he could use 63% of the left - over material from the first job. he, of course, quoted buying all new material for the next job. how much additional profit is albert making on the second job just from using the materials he kept from the first job? round to the nearest cent. your answer: answer units question 8 (1 point) answer units

question 7 (1 point) albert just started a new electrical construction business. when he finished his first job, he had $673.02 of conduit, wire, hangers, and other materials left over once the job was completed which the client had been billed for the contract. he took this material to his shop and warehoused it. on the next job he bid, he could use 63% of the left - over material from the first job. he, of course, quoted buying all new material for the next job. how much additional profit is albert making on the second job just from using the materials he kept from the first job? round to the nearest cent. your answer: answer units question 8 (1 point) answer units

Answer

Explanation:

Step1: Determine the percentage of material not used for the second - job

If 63% of the left - over material from the first job is used for the second job, then the percentage of material not used for the second job is (100%-63% = 37%).

Step2: Calculate the amount of material kept

We know that the value of the left - over material from the first job is $673.02. To find the amount of material kept (the additional profit), we multiply the value of the left - over material by the percentage not used for the second job. So the amount is (673.02\times0.37). [673.02\times0.37=249.0174]

Step3: Round to the nearest cent

Rounding $249.0174$ to the nearest cent gives $249.02$.

Answer:

$249.02$