Use the following information to answer the given question
(begin{array}{c|c} & text{1/1/86} & text{31/12/86} \ & N & N \ hline creditors & 5,000 & 8,000 \ stock & 1,200 & 1,100 \ text{Mark-up} & text{25%} & \ text{Cash paid to creditors} & N7,000 & end{array})
Gross profit is
(begin{array}{c|c} & text{1/1/86} & text{31/12/86} \ & N & N \ hline creditors & 5,000 & 8,000 \ stock & 1,200 & 1,100 \ text{Mark-up} & text{25%} & \ text{Cash paid to creditors} & N7,000 & end{array})
Gross profit is
-
A.
N2,800 -
B.
N2,525 -
C.
N2,500 -
D.
N2000 -
E.
N1,750