Lonely Guy Repair Service recently performed repair services for a customer that totaled $400. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered:
Total bill $600
Labor profit margin $10
Materials profit margin 20%
Total labor charges $390
Cost of materials used $120
Total hourly cost $22.50
How many hours were billed on the job?
a) 12.0
b) 18.5
c) 17.3
d) 19.5
Ans: a) 12.0
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