PMI Exam Questions

The final price (your total reimbursement) is _________.

The seller delivers a fixed price plus incentive fee project at a cost of $90,000. The terms of the contract are a ceiling price of $120,000, a target cost of $ 100,000, a target profit of $10,000, and a target price of $110,000. The share ratio is 70/30. The final price (your total reimbursement) is _________.

A.
$93,000

B.
$96,000

C.
$97,000

D.
None of the above