Under a contract with a $1,000 per day early finish bonus, how many days early would earn a $3,000 bonus?

Prepare for the Virginia Class A Contractor License Exam. Study using flashcards and multiple choice questions, each question equipped with hints and explanations. Ace your exam!

Multiple Choice

Under a contract with a $1,000 per day early finish bonus, how many days early would earn a $3,000 bonus?

Understanding how the early finish bonus is paid shows why three days early earns exactly $3,000. The bonus is $1,000 for each day the project finishes early, so multiply the number of early days by $1,000. Three days early gives 3 × $1,000 = $3,000. If you finished 2 days early you’d get $2,000, 1 day would be $1,000, and 4 days would be $4,000, so three days is the precise amount to reach $3,000.

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