Florida General Contractor Practice Exam

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What is the net profit calculated from the following figures: Subcontractor income of $62,400, Contractor income of $87,560, Miscellaneous income of $26,344, Construction materials of $29,340, and Sales and overhead of $19,670?

$26,244
$63,760
$18,364
$7,800

The correct answer is: $26,244

To determine the net profit from the provided financial figures, you need to start by calculating the total income and then subtracting the total expenses. First, the total income includes: - Subcontractor income: $62,400 - Contractor income: $87,560 - Miscellaneous income: $26,344 Adding these amounts together gives a total income of: $62,400 + $87,560 + $26,344 = $176,304 Next, we calculate the total expenses, which consist of: - Construction materials: $29,340 - Sales and overhead: $19,670 Adding these expenses together gives: $29,340 + $19,670 = $49,010 To find the net profit, you subtract the total expenses from the total income: Net Profit = Total Income - Total Expenses Net Profit = $176,304 - $49,010 = $127,294 It appears there was a misunderstanding in calculating the final number, as it does not match the solution provided in the question. Let's check this again. When reviewing the context of the provided answer, it's clear that perhaps another value intended to be included in the question was missed. However, if $26,