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Billy owns a pub in San Diego. He bought beer for his business costing $90,000 in december 2020. He opened his pub in the new
Billy owns a pub in San Diego. He bought beer for his business costing $90,000 in december 2020. He opened his pub in the new year and paid for the following expenses in january 2021:
Wages expense $18,000
Utilities expense $5,400
Insurance expense $900
Depreciation expense $3,600
The pub had sales of $135,000 during january and he used $80,000 of the beer he purchased in december for the sales.
What's the business gross profit?
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