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Stephen makes and sells cakes through bakeries. He knows he must sell 550 cakes a month to break even. Every cake has a contribution margin

Stephen makes and sells cakes through bakeries. He knows he must sell 550 cakes a month to break even. Every cake has a contribution margin of $1.12. So far this month, Stephen has sold 980 cakes. How much has Stephen earned so far this month in operating income?

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