Johnson Technology specializes in graphic design and video production.In October 2014,the company incurred the following costs for providing services to one of its clients.
Johnson Technology's contract with the client discloses a 20% profit margin on the cost incurred.
-Determine the profit earned by the company by providing services.
A) $3,500
B) $700
C) $4,200
D) $360
Correct Answer:
Verified
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