1. Plym plc is a retailer which is registered for VAT. All sales, and all purchases of goods for resale, attract VAT at the rate of 20%. For the year to 30 June 20X7 Plym plc paid 68,150 to suppliers in respect of goods for resale, and showed revenue in the statement of profit or loss of 89,300. There was no change in the figures for inventory and trade payables in the statements of financial position as at 30 June 20X6 and 20x7. What was Plym, ple's gross profit for the year ended 30 June 20X7? A. 32,508 B. 6,267 C. 21,150 D. 17,625