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A cost-plus-percentage-cost (CPPC) contract has an estimated cost of $120,000 with an agreed profit of...

A cost-plus-percentage-cost (CPPC) contract has an estimated cost of $120,000 with an agreed profit of 10% of the costs. The actual cost of the project is $130,000. What is the total reimbursement to the seller?

A.

$143,000

B.

$142,000

C.

$140,000

D.

$132,000

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