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2.11. How is profit labor calculated?

I can't seem to figure out how EstiMate comes up with profit labor. How is this calculated?

By default, profit labor represents 20% of your hourly labor rate. Therefore, if you have a $100 hourly rate, it is split with $80 going to overhead and $20 going to profit. Prior to version 1.05 a few users reported this being incorrect, and after version 1.05 this has been completely fixed. To change the default percentage, go to Management > Configure EstiMate > Overhead Worksheet.