Part 1 of 1 Hide Time Remaining A Question 22 of 50 1 Points A sole trader operates his business from a warehouse, which has been damaged by a fire, which occurred at the end of the financial year. After the fire, the remaining inventory that is undamaged amounts to GHC 2,000 (cost). The accountant establishes the following information: I Inventory at the beginning of the year was GHC 16,000 M Purchases during the year were GHC 115,000 III Sales during the year were GHC 140,000 IV The trader sells his goods at a mark-up of 25% of cost How much was the gross profit? O A. GHC 28,000 OB. GHC 35,000 C. GHC 32.750 D. GHC 25,000 Reset selection