Q: Gross Profit Calculation

At the beginning of the financial year, a business has Rs.1,500/- of inventory left over from the

preceding accounting period. During the year they purchase additional goods costing Rs.21,000/-

and makes sales totaling to Rs.25,000/-. At the end of the year, there are Rs.3,000/- of goods left

that had not been sold. What is the gross profit for the year?