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The following totals appear in the day books for March 20X8. Sales day book $40,000 Purchases day book $20,000 Sales Returns day book $ 2,000

The following totals appear in the day books for March 20X8.

Sales day book $40,000

Purchases day book $20,000

Sales Returns day book $ 2,000

Purchase Returns day book $ 4,000

Opening and closing inventories are both $3,000. What is the gross profit for March 20X8?

A $22,000

B $24,000

C $20,000

D $18,000

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