A business keeping incomplete records supplied figures from its statement of affairs. Over the year, the owner added $6000 from his personal funds and took $3250 of the year’s profit for private use. [Table shown: opening statement of affairs - assets $40000, liabilities $15000; closing statement of affairs - assets $52000, liabilities $8000.] What was the profit for the year?
- A$16250
- B$31250
- C$38750
- D$62500