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A restaurant's net sales for the year were $990,000, cost of goods sold was $650,000, and total operating expenses were $320,000. Determine the amount of the restaurant's net profit or loss.

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A restaurant's net sales for the year were $990,000, cost of goods sold was $650,000, and total operating expenses were $320,000. Determine the amount of the restaurant's net profit or loss.






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