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You determine the following information about a local bar

Question: You determine the following information about a local bar: Cost per liquor quart $4.48 Quart has 32 ounces 1-1/4 ounces per drink Sales tax per bottle $1.97 Total purchase of quarts $5,000 Determine the pouring cost percent. Determine gross receipts and gross profit. What are other variables to consider?

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Accounting Basics: You determine the following information about a local bar

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