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If net sales are $1,000, food cost is $300, and labor cost is $200, gross profit: is $1,000. is $700. is $500. cannot be determined
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If net sales are $1,000, food cost is $300, and labor cost is $200, gross profit:
is $1,000.
is $700.
is $500.
cannot be determined from the given information.
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Financial Accounting
Authors: Carl Warren, James M. Reeve, Philip E. Fess
8th Edition
0324025394, 978-0324025392
