If a construction job's hard cost is $14,000 and the overhead is $6,000, what would be the estimated cost after applying a 2.5% decrease in hard cost and a 4.5% decrease in overhead?

To determine the estimated cost after applying the decreases to both hard costs and overhead, first, calculate the new figures based on the percentages provided.

Starting with the hard costs, which are originally $14,000, a 2.5% decrease means you calculate the reduction as follows:

1. Calculate 2.5% of $14,000:

[

0.025 \times 14,000 = 350

]

2. Subtract this amount from the original hard cost:

[

14,000 - 350 = 13,650

]

Next, move on to the overhead costs, originally set at $6,000. For this figure, apply the 4.5% decrease:

1. Calculate 4.5% of $6,000:

[

0.045 \times 6,000 = 270

]

2. Subtract this amount from the original overhead:

[

6,000 - 270 = 5,730

]

Now, add the adjusted hard costs and overhead together to find the total estimated cost after the decreases:

[

13,650 + 5,