Duncan Ltds transactions are as listed below: $ Sales 96,000 Purchases 47,100 Carriage inwards 2,320 Carriage outwards 15,440 Customs duties 470 Opening stock 9,100 Closing stock 11,930 Returns inwards 6,300 The Gross Profit for Duncan Ltd is:

Question 20 options:

A.

$47,060

B.

$42,640

C.

$52,720

D.

$48,940