ASVAB Armed Services Vocational Aptitude Battery (#103)

Section: Arithmetic Reasoning

A contractor bids $300,000 as her price for erecting a building. She estimates that 1/10 of this amount will be spent for masonry materials and labor, 1/3 for lumber and carpentry, 1/5 for plumbing and heating, and 1/6 for electrical and lighting work. The balance will be her profit. How much profit does she expect to make?

$24,000
$80,000
$60,000
$50,000