Mohan started a business on 1st April, 2021 with a capital of ₹ 25,000 and a loan of ₹ 12,500 borrowed from Shyam

Mohan started a business on 1st April, 2021 with a capital of ₹ 25,000 and a loan of ₹ 12,500 borrowed from Shyam. During 2021-22, he had introduced additional capital of ₹ 12,500 and had withdrawn ₹ 7,500 for personal use. On 31st March, 2022, his assets were ₹ 75,000. Find out his capital as on 31st March, 2022 and profit made or loss incurred during the year 2021-22.

[Closing Capital ₹ 62,500; Profit ₹ 32,500.]