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A project's initial cost of $64,000 is split between labour, materials, and contractor's charges in the ratio 12:15:5. Labour costs increase by x%, materials by 2x%, and contractor's charges remain th
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2 parts\85,000.00$
Step-by-step solution
4 stepsCalculate the initial costs for labour, materials, and contractor's charges.
The total estimated cost is
\64,000.0012 : 15 : 512 + 15 + 5 = 32$.Initial cost of labour (L):
Initial cost of materials (M):
Initial contractor's charges (C):
Express the new costs after the increases.
The cost of labour increased by .
New labour cost (L'):The cost of materials increased by .
New materials cost (M'):The contractor's charges remained the same.
New contractor's charges (C'):Use the given condition to find the value of .
After the increase, the cost of labour was two-thirds the cost of materials:
Substitute the expressions for L' and M':
Divide both sides by 1,000:
Divide both sides by 4:
Expand the equation:
Multiply by 100 to clear the denominators:
Rearrange and solve for :
a) The value of :
Calculate the new cost of building the restaurant.
First, calculate the new individual costs using .
New labour cost (L'): New materials cost (M'): New contractor's charges (C'): The new total cost of building the restaurant is the sum of the new labour, materials, and contractor's charges:b) The new cost of building the restaurant:
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