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Determine gross receipts and gross profit

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Question: You determine the following information about a local bar: Cost per liquor quart $4.48 Quart has 32 ounces 1-1/4 ounces per drink Sales tax per bottle $1.97 Total purchase of quarts $5,000 Determine the pouring cost percent. Determine gross receipts and gross profit. What are other variables to consider?

Reference no: EM131713238

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