Using the extract of information below, calculate the Gross Profit of the business of Janet for the year ended 31st March 2022:



Debit € Credit €

Sales 237,000

Purchases 120,000

Opening Stock 21,000

Rent & Rates 19,000

Light & Heat 3,000

Wages & Salaries 47,000

Insurance 7,000



Note (i) Closing Stock at 31st March 2022 is €29,000


Select one:

a. €20,000

b. €454,000

c. €49,000

d. €117,000

e. €125,000