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Calculate gross profit and income from operations

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Question - During October, 2020, Crane's Catering Company generated sales revenue of $12,000. Sales discounts totaled $192 for the month. Expenses were as follows: Cost of goods sold of $6,320 and operating expenses of $2,080. Calculate (1) gross profit and (2) income from operations for the month.

Reference no: EM133132494

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