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How much would the seller be paid

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Reference no: EM133090567

Question - Answering questions based on the following procurement information for a fixed price incentive fee contract

Sharing ratio: 80/20Target cost: $20,000

Target profit: $2,000Ceiling price: $22,000

1. If the actual cost of the effort were $19,000, how much would the seller be paid?

2. If the actual cost of the effort were $22,500, how much would the seller be paid?

Reference no: EM133090567

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