Current Attempt in Progress

On January $1,$ a store had inventory of $$47,500.$ January purchases were $$44,500$ and January sales were $$85,000.$ On February $1$ a fire destroyed most of the inventory. The rate of gross profit was $25\%$ of cost$.$ Merchandise with a selling price of $$8,000$ remained undamaged after the fire. Compute the amount of the fire loss, assuming the store had no insurance coverage.

Fire loss

$