A summary of a trader’s bank statements for his first year of trading showed the following amounts.
The trader took $\$ 2000$ every month from takings as drawings before banking the remaining takings. Trade receivables at the year end amounted to $\$ 9500$.
What was total revenue for the year?
1 )
$\$ 73500$
2 )
$\$ 92500$
3 )
$\$ 121500$
$\$ 140500$
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