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If net food sales for the Main Street Caf is $100,000 and the cost of food sold is $30,000, then the: Net income is $70,000;
If net food sales for the Main Street Caf is $100,000 and the cost of food sold is $30,000, then the: Net income is $70,000; Food cost is 30% Gross profit is $70,000; Food cost is 70% Gross profit is $70,000; Gross profit rate is 70% Net income is $70,000; Gross profit rate is 30%
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