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What was the profit-loss for the year ending December

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Question - Mary started a business on 1 January 2015 with £?80,000 equity. During the year, she withdrew £?10,000 in cash and also withdrew £?5,000 in goods for her own use. At 31 December 2015 (the end of the year) she had an equity of £?95,000. What was the profit/loss for the year ending 31 December 2015?

A. Loss £25,000

B. Profit £25,000

C. Loss £30,000

D. Profit £30,000

Reference no: EM132995900

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