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Lawrence owns a ready-made dinner business. The ingredient costs for each meal are about the...

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Accounting

Lawrence owns a ready-made dinner business. The ingredient costs for each meal are about the same at $5.50 per meal, and he sells each meal for $16.00. The fixed costs for his business are $4,250 per month. If he sells 580 meals this month, how much profit will he make?

a. $550

b. $840

c. $1,550

d. $1,840

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