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How many dollars were spent for Operating Expenses?

Explanation

There are 2 ways to do this now that we know the amount spent on labor. 
First, 20% of the total expenses of \(\$240,000\) vent for labor:
\(0.20 \times \$240,000 = \$48,000\)
OR
if you know that Labor is \(\$96,000\), and Operating Expenses is 1/2 of Labor, you could divide \(\$96,000 \div 2 = \$48,000\).

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