If  an  entity  has  £2,500  in  opening  inventory,  purchases  £35,000  worth  of  inventory,  paying  an  additional  £1,500  carriage  inwards,  pays  £2,000 carriage outwards,  receives  £42,000  in  sales,  has  £12,000  in  closing  inventory,  rent income of £1,000 and other expenses of £8,000. Then its net profit is? 

Multiple Choice 

• £5,000 

• £16,000 

• £8,000 

• £6,000