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Calculate gross profit and income

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Question - During October, 2020, Blondie's Catering Company generated sales revenue of $15,000. Sales discounts totaled $240 for the month. Expenses were as follows: Cost of goods sold of $7,900 and operating expenses of $2,600. Calculate (1) gross profit and (2) income from operations for the month.

Reference no: EM132938603

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