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How much should briar receive from the contract

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Briar Co. signed a government construction contract providing for a formula price of actual cost plus 10 percent. In addition, Briar was to receive one-half of any savings resulting from the formula price being less than the target price of $2,200,000. Briar's actual costs incurred were $1,920,000. How much should Briar receive from the contract?

Reference no: EM13706712

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