In the example, what are the price bases used to calculate total cost?

Prepare for the California Structural Steel Contractor (C-51 License) Exam. Study with flashcards and multiple-choice questions with hints and explanations. Get ready to succeed!

Multiple Choice

In the example, what are the price bases used to calculate total cost?

Explanation:
Steel pricing is typically based on weight, so the total cost comes from applying unit prices to the actual mass. In the example, the costs are calculated using price per pound for some quantities and price per ton for larger quantities. This reflects common practice: use dollars per pound for smaller pieces or precise weights, and dollars per ton for bulk quantities. To compute, multiply the weight in pounds by the price per pound, and multiply the weight in tons by the price per ton, then sum those amounts for the total. Bases like per yard, per foot, or per gallon don’t fit steel pricing, since steel is priced by mass, not by length or volume.

Steel pricing is typically based on weight, so the total cost comes from applying unit prices to the actual mass. In the example, the costs are calculated using price per pound for some quantities and price per ton for larger quantities. This reflects common practice: use dollars per pound for smaller pieces or precise weights, and dollars per ton for bulk quantities. To compute, multiply the weight in pounds by the price per pound, and multiply the weight in tons by the price per ton, then sum those amounts for the total. Bases like per yard, per foot, or per gallon don’t fit steel pricing, since steel is priced by mass, not by length or volume.

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