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Deidre owns a pet store. Last month, her income was $5,500, her cost of goods was $800, and her total expenses were $2,600. What are Deidre's net income and gross income for last month?

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Net income = $2,100 and Gross income = $4,700
Net income = $4,700 and Gross income = $2,100
Net income = $2,100 and Gross income = $4,200
Net income = $3,100 and Gross income = $4,700

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Answered by GPT-5 mini AI
Net income = $2,100 and Gross income = $4,700.

(Revenue $5,500 − COGS $800 = gross $4,700; gross $4,700 − expenses $2,600 = net $2,100.)