A sole trader operates his business from a warehouse which has been damaged by a fire which occurred at the end of the financial year.After the fire the remaining inventory that is undamaged amounts of 2000.The accountant establishes the following information:I inventory at the beginning of the year was 16000 II purchases during the year were 115000 III Sales during the year 1400000 IV The trader sells his goods at a markup of 25% of cost. How much was the gross profit?

emaining: 00:11:36 A Hide Time Remaining A A sole trader operates his business from a warehouse, which has been damaged by a fire, which occurred at of the financial year. After the fire, the remaining inventory that is undamaged amounts to GHC 2,000 (cost. accountant establishes the following information: I Inventory at the beginning of the year was GHQ 16,000 // Purchases during the year were GHC 115,000 111 Sales during the year were GHC 140,000 IV The trader sells at a mark-up of 25% of cost How much was the gross profit? A. GHC 28,000 B. GHC 35.000 C. GHC 32.750 D. GHC 25,000 eset Selection