You determine the following information about a local bar: Cost per liquor quart Quart has 32 ounces

Question:

You determine the following information about a local bar:

Cost per liquor quart 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?

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