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Mary started a business on 1 January 2015 with 80,000 equity. During the year, she withdrew 10,000 in cash and also withdrew 5,000 in goods

Mary started a business on 1 January 2015 with 80,000 equity. During the year, she withdrew 10,000 in cash and also withdrew 5,000 in goods for her own use. At 31 December 2015 (the end of the year) she had an equity of 95,000.

What was the profit/loss for the year ending 31 December 2015?

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