On August 31, a Hurricane Destroyed a Retail Location of Vinny's

Multiple Choice

On August 31, a hurricane destroyed a retail location of Vinny's Clothier including the entire inventory on hand at the location.The inventory on hand as of June 30 totaled $320,000.From June 30 until the time of the hurricane, the company made purchases of $85,000 and had sales of $250,000.Assuming the rate of gross profit to selling price is 40%, what is the approximate value of the inventory that was destroyed?

A) $320,000.
B) $181,500.
C) $205,000.
D) $255,000.