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401 Diner Reported Sales Revenues of $53,000 in April

Question 110

Multiple Choice

401 Diner reported sales revenues of $53,000 in April. Thirty percent were cash sales and seventy percent were paid by credit cards. 401 Diner pays a three percent fee to the credit card companies.
-401 Diner's net sales reported for April would be closest to:


A) $16,050
B) $53,500
C) $51,887
D) $15,900

Correct Answer:

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