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You determine the following information about a local bar: Cost per liquor quart $4.48 Quart has 32 ounces (1 ounces per drink) Sales tax per

You determine the following information about a local bar:

Cost per liquor quart $4.48

Quart has 32 ounces (1 ounces per drink)

Sales tax per bottle 1.97

Total purchase of Quarts $5,000

Determine the pouring cost percent. (Use the Internet to determine the way to calculate pouring cost percent.) Determine gross receipts and gross profit. What are other variables to consider?

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