$${ ext{Earned profit}} imes rac{{50}}{{100}}$$
$${ ext{Earned profit}} imes rac{3}{2} imes rac{{{ ext{Cash received}}}}{{{ ext{Contract value}}}}$$
$${ ext{Earned profit}} imes rac{2}{3} imes rac{{{ ext{Cash received}}}}{{{ ext{Contract value}}}}$$
$${ ext{Earned profit}} imes rac{2}{3} imes rac{{{ ext{Cash received}}}}{{{ ext{Certified value}}}}$$
Answer is Wrong!
Answer is Right!
The correct answer is: A. ${\text{Earned profit}} \times \frac{{50}}{{100}}$
The amount of profit that is normally credited when 50% of the contract is completed is the earned profit multiplied by 50%. This is because the earned profit is the profit that has been earned on the work that has been completed, and 50% of the contract has been
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