Current Attempt in Progress

On January $1,$ a store had inventory of $\backslash$$$54,500.$ January purchases were $\backslash$$$46,000$ and January sales were $\backslash$$$95,000.$ On February $1$ a fire destroyed most of the inventory. The rate of gross profit was $\backslash (25\backslash \%\backslash )$ of cost$.$ Merchandise with a selling price of $\backslash$$$5,000$ remained undamaged after the fire. Compute the amount of the fire loss, assuming the store had no insurance coverage.

Fire loss $\backslash$$

eTextbook and Media