CA CPT 2013 June Question Paper Fundamentals of Accounting for online practice

For the financial year 20011-12, the gross profit was Rs.1,75,000. During the year Carriage inward Rs.15,000,Personal expenses of proprietor Rs.75,000 and Carriage outward Rs.17,500. Bad debts for the year were Rs.12,000.The net profit earned for the year 2011-12 would be: