Rest of the question is listed below in the Description

Question

a proposed job has estimated direct costs of $35,239. Company overhead is estimated to be 11% and project overhead is typically 7.5% of all sales. If the desired profit on the project is 15%, what should the bid price be?

Answer 1

This turns out to be a relatively simple exercise in basic algebra. We have:

Company Overhead = 11% of sales and Project Overhead = 7.5% of sales

So Total Overhead = 18.5% of sales and Direct Project Cost is $35,239 with Profit Margin 15% of sales, we have:Sales - Direct Costs - Total Overhead = Profit Margin or

Sales - 35,239 - .185 x Sales = .15 x Sales or Sales - 33.5 x Sales = 35,239

So 66.5 x Sales = 35,239 ad Sales = 52991