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A sole trader has the following items in the book accounts: Sales R60 000, Cost of sales R50 000, Opening stock R10 000, Purchases R40

A sole trader has the following items in the book accounts: Sales R60 000, Cost of sales R50 000, Opening stock R10 000, Purchases R40 000, Wages R20 000 and Office Rent R10 000. What is the value of gross profit /loss?

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