At the end of his first year of trading, Rashid provided the following information.
                                                                          $
Revenue ................................................  72,500
Purchases ........................................       49,700
Closing inventory ...........................          4,800
Carriage inwards .............................        1,150
Carriage outwards .......................           2,950

What was Rashid’s gross profit?

A. $22,800 

B. $24,650 

C. $26,450 

D. $27,600