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Backstreet Books,an Eclectic Bookstore on a Large College Campus Generated

Question 309

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Backstreet Books,an eclectic bookstore on a large college campus generated total revenues of $15 million while incurring expenses of $12 million.During the year Backstreet Books earned a profit of $3 million.
The profit a firm earns is found by subtracting total costs from total revenue.

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