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The total initial cost of labour, materials, and contractor's charges is $64,000.00. The ratio of labour, materials, and contractor's charges is 12:15:5. The cost of labour increased by x%. The cost o
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4 stepsCalculate the initial costs of labour, materials, and contractor's charges.
The total initial cost is 12 : 15 : 512 + 15 + 5 = 32$.
Initial cost of labour ():
Initial cost of materials ():
Initial contractor's charges ():
Express the new costs after the increases.
The cost of labour increased by . The new cost of labour () is:
The cost of materials increased by . The new cost of materials () is:
The contractor's charges () remained the same:
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 and :
Divide both sides by 1000:
Divide both sides by 4:
Expand the equation:
Multiply by 100 to clear denominators:
Rearrange terms to solve for :
a) The value of :
Calculate the new cost of building the restaurant.
Substitute into the expressions for and :
The contractor's charges remain .
The new total cost of building the restaurant is the sum of the new costs:b) The new cost of building the restaurant:
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