How many hours were billed on the job


Lonely Guy Repair Service recently performed repair services for a customer that totaled $400. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered:

Total bill $600   
Labor profit margin $10   
Materials profit margin 20%
Total labor charges $390   
Cost of materials used $120   
Total hourly cost $22.50   

How many hours were billed on the job?

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Accounting Basics: How many hours were billed on the job
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