For the financial year 20011-12, the grossprofit was Rs.1,75,000.During the yearCarriage 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:

• A. Rs.85,000
• B. Rs.1,45,000
• C. Rs.64,500
• D. none of the above