A contractor is building 4 tool sheds for a customer, each should take one week

Question

A contractor is building 4 tool sheds for a customer, each should take one week to complete, and should cost $800 each. At the end of 2 weeks the contractor has completed 3 sheds. At what rate is this project progressing, and how much money was actually spent?

Select one:

a. The project is progressing at 800%, and $1600 was spent.

b. There is not enough information to determine either of these.

c. The project is progressing at 150% and $2400 was spent

d. The project is progressing at 75% and how much was spent cannot be determined.

e. The project is progressing at 150% and how much was spent cannot be determined

Explanation / Answer

b. The project is progressing at 150% and $2400 was spent

The contractor had to give one shed in one week and 4 sheds in four week @ $800 per shed. But he gave 3 sheds in 2 weeks, whereas he had to give only 2 sheds in two weeks so one extra he gave that comes to 150% progress of project and as $800 is the cost of each shed.. he has given 3 sheds so $800*3 = $2400 is the amount spent.

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