At the end of his first year of trading, a business owner gave the information below. inventory at the end of the year $15000$ total payments made to suppliers $60000$ amount still owed to suppliers $5000$ total receipts from customers $85000$ amount still owed by customers $10000$ What was the gross profit for the year?
- A$10000
- B$15000
- C$25000
- D$45000