Hardwood Furniture Limited sold $1,225,000 worth of tables, chairs and other furniture last year.During that time period, the company collected $975,755 for those items and paid $407,844 for thematerials used in producing the furniture they sold. What was Hardwood's net profit for last year?
A) $1,225,000
B) $975,755
C) $567,911
D) $817,156
Correct Answer:
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