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KevinFx

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KevinFx

Re: None

Tuesday, 08/02/2011 1:19:26 PM

Tuesday, August 02, 2011 1:19:26 PM

Post# of 118202
Based on their terms for payment,

- 4% or $0.50 per yard of gravel (which ever is greater)
- If 4% = $0.50 then 100% = $12.50
- $12.5 / $1600 = 0.0078125 Oz
- 0.0078125 Ounces * 31.1034807 = 0.2429 GRAMS PER YARD

So basically there is at least 0.24 grams per yard by both parties estimation. Which is probably the very low end.

If it was 0.48 grams per yard then they would get paid $1.00 per yard.

Pretty good deal.
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