A sole trader operates his business from a warehouse, which has been dam of the financial year. After the fire, the remaining inventory that is undamag accountant establishes the following information: I Inventory at the beginnin Purchases during the year were GHC 115,000 III Sales during the year were 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 Fas A sole trader operates his business from a warehouse, which has been dam of the financial year. After the fire, the remaining inventory that is undamag accountant establishes the following information: I Inventory at the beginnin Purchases during the year were GHC 115,000 III Sales during the year were 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 Fas