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Question
The direct and indirect costs estimated by a contractor for bidding a project is Rs. 160000 and Rs. 20000 respectively. If the mark up applied is 10% of the bid price, the quoted price (in Rs.) of the contractor is
A.
200000
B.
198000
C.
196000
D.
180000
Answer ( Option A)

200000

Solution

Given :
Direct cost = 160000 Rs
Indirect cost = 20000 Rs.
Total estimated cost by contractor
=160000+20000
=180000
Mark up cost = 10% of bid price
Hence, 0.9 × Quoted price = Total estimate cost
 

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