A contractor was hired to build a house which will cost $300000. The contractor also includes a percentage...

Question

A contractor was hired to build a house which will cost $300000. The contractor also includes a percentage fee of $15000 for the overall cost of the contract.
What percent of the cost of the house is the contractor's percentage fee?

SnapAndSolve AI · Accepted Answer

To find the percentage fee, divide the fee by the cost of the house and multiply by 100:

Percentage fee = ($15000 / $300000) * 100
Percentage fee = 0.05 * 100
Percentage fee = 5%

The contractor's percentage fee is 5% of the cost of the house.

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