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PTA Question - Rita Page 480 and 481

Here we discuss Freely Available PMP® mock exam questions. Internet is full of free PMP® Simulators but most of these simulators does not provide good explanation of answers, here we discuss them.
rgsiva_it3
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PTA Question - Rita Page 480 and 481

Postby rgsiva_it3 Sat Sep 10, 2016 2:19 pm

Hello,

I am trying to understand the PTA logic. I have watched Saket's video on how to calculate PTA. In Rita's book page 480 and 481 maths questions, the ceiling price was not given in the question, but they took the value as 200,000 for first question and 12,500,000 for the second question.

Could you please help me in explaining how they are arriving at these amount for ceiling price? appreciating your support.
ankurjig
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Re: PTA Question - Rita Page 480 and 481

Postby ankurjig Sat Sep 10, 2016 5:16 pm

Please read the question again in Rita. You need not calculate ceiling price, it is already given as part of the question in the table.

First question asks to calculate final fee and final price. Second question asks to calculate final fee, final price and PTA.

Ceiling price will be the maximum or highest price the buyer will pay and would have been agreed as part of contract.

Ankur

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