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At the beginning of the financial year, a trader had equity of RM350,000 and by the end of the year this had risen to RM435,000.
At the beginning of the financial year, a trader had equity of RM350,000 and by the end of the year this had risen to RM435,000. During the year, she withdrew RM120,000 in cash for her personal expenses and introduced her car into the business, which was valued at RM78,000. What was the profit or loss for the financial year?
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