How To Price Fence Repair?

jcalvin

Three contractors are bidding to fix a broken fence at the WhiteHouse. One is from Chicago, another is from Tennessee, and the
third is from Minnesota. All three go with a White House official to examine the fence.

The Minnesota contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well," he says,
"I figure the job will run about $900: $400 for materials,$400 for my crew and $100 profit for me."

The Tennessee contractor also does some measuring and figuring,then says, "I can do this job for $700: $300 for materials, $300 for my crew
and $100 profit for me.

"The Chicago contractor doesn't measure or figure,but leans over to the White House official and whispers, "$2,700."

The official, incredulous, says, "You didn't even measure like the other guys! How did you come up with such a high figure?" The Chicago contractor
whispers back, "$1000 for me, $1000 for you, and we hire the guy from Tennessee to fix the fence." "Done!" replies the government official.

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