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The following figures have been extracted from the records of Maimu Kauza relating to transactions for the month of January 2017.
Opening stock 101,000
Drawings of stock 13,000
Purchases 298,000
Sales 254,000
Carriage inwards 65,000
Closing stock 116,000
Purchases returns 18,400
Calculate the gross profit for Maimu Kauza for the month of January 2017.
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