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Paper 1Short Answer and Data Response1 marks
A company has provided its financial statements for the last two years.
Data Table
Company Financial Data
The table below shows the company's revenue and net profit for the last two years.
| Year | Revenue | Net Profit |
|---|---|---|
| 2022 | $500,000 | $50,000 |
| 2023 | $600,000 | $70,000 |
- a[1]
State the net profit for 2023.
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