FSOT: 500 Test Prep Study Questions

Category - Mathematics & Statistics

The first 12% of a project has been completed at a total cost of $850,000. The project managers have calculated that the remainder of the project should be completed at a similar dollar per percentage rate. Approximately how much should the entire project cost?
  1. $960,000
  2. $1,600,000
  3. $6,000,000
  4. $7,000,000
Explanation
Answer: D - $7,000,000
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