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Abigail runs an internet shop where she makes and sells psychadelic jewelry. She has gross annual receipts of $120,000, a COGS of $45,000, and miscellaneous

Abigail runs an internet shop where she makes and sells psychadelic jewelry. She has gross annual receipts of $120,000, a COGS of $45,000, and miscellaneous expenses of $27,500. What is her net profit?

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