Don Pedro has not kept accurate accounting records during the financial year. He had      opening inventory of $6,700. Additional goods were  purchased during the  year.  At the      year end he had $5,400 left in inventory. Total sales  was  $102,360  All sales are made at a        mark up on cost of 20%.           What is Don Pedro’s gross profit for the year?   a. $13,750 b. $17,060     c. $16,540 d. $20,675

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