Simple Simon’s capital at commencement of the year was £234,500 and at the year-end was £258,400. Identify the profit he made in the year, in each of the following alternative scenarios:

(a) He drew £3,000 per month for his household expenses
(x) £12,100
(y) £23,900
(z) £59,900

(b) His drawings were £2,000 per month plus an additional £3,500 over Christmas
(x) £3,600
(y) £27,500
(z) £51,400

(c) His drawings were £2,500 per month; but he introduced £10,000 as additional capital during
the year
(x) £40,000
(y) £43,900
(z) £53,900