ratio method problem- At the end of the semester, Zim is retiring and building his dream home in the mountains outside of Santa Fe, NM. He is building a smallish place, only 1,650 square feet. The average price for the land and house similar to this one is $195 a square foot. The following average cost information is available from a local bank that makes loans to local contractors and dispenses progress payments to contractors when specific tasks are verified as complete.
24% Excavation & framing complete
8% roof and fireplace complete
3% wiring roughed in
6% plumbing roughed in
5% siding on
17% windows, insulation, walks, plaster, and garage complete
9% HVAC installed
4% plumbing fixtures installed
10% exterior paint, lighting fixtures installed, finish hardware installed
6% carpet and trim installed
4% interior decorating completed
4% flooring laid and finished
How much will the contractor receive once the windows, insulation, walks, plaster, and garage are complete?
Group of answer choices
$9,652.50
$12,870
$19,305
$32,175
$77,220
$28,957.50
$25,740
$54,697.50
what one is right