Gurman who keeps his books on Single Entry System sells goods at cost plus 50%

Gurman who keeps his books on Single Entry System sells goods at cost plus 50%. On 1st April 2022, his Capital was ₹ 4,00,000 and on 31st March 2023, it was ₹ 3,50,000. He had withdrawn ₹ 20,000 per month besides goods of the sale value of ₹ 60,000. How much did he earn in 2022-23?

[Profit – ₹ 2,30,000.]

[Hint: Drawings = ₹ 2,40,000 (Cash + ₹ 40,000 (Cost of goods taken) = ₹ 2,80,000.]