This sole trader has not maintained a complete set of double-entry records. The information below refers to the business for the year ending 31 March 2021. Every item is marked up by 25%. What were the purchases and the profit for the year?
- Apurchases $158600, profit for the year $40150
- Bpurchases $168000, profit for the year $29470
- Cpurchases $168000, profit for the year $30730
- Dpurchases $169100, profit for the year $29470