A company calculates the prices of jobs by adding overheads to the prime cost and adding 30% to total costs as a mark up. Job number Y256 was sold for $1,690 and incurred overheads of $694.
What was the prime cost of the job?
$ ________
The correct answer is: $606
Selling price of job
Less profit margin (30/130)
Total cost of job
Less overhead
Prime cost
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