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    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.
    A Rs. 2,000 Correct Answer Incorrect Answer
    B Rs. 3,000 Correct Answer Incorrect Answer
    C Rs. 3,500 Correct Answer Incorrect Answer
    D Rs. 6,000 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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