Question
Following information has been provided by a contractor for the year ending 31-3-2020. (a) Total expenditure till 31-3-2020 is Rs. 5,000. (b) Work certified till 31-3-2020 is Rs. 7,500. (c) Estimated further expenditure to compete the contract will be Rs. 3,000. (d) Contract Price is Rs. 11,000. Find out estimated profit of the contract.
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