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Jason Allen operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for

Jason Allen operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $20 and sells them for $25. Jason has decied to increase his ales price to 26 to offset the suppliers price increase. He belives that the price increase will result in a 5% reduction from last years sales volume. What is jasons expected net income assuming a 30% tax rate

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