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Question - Sondeza Limited is a retailer and it sells its inventory of merchandise at a mark-up of 30% on cost. There was no inventory of merchandise at the beginning of March. During March, merchandise with a cost of R180,000 was purchased while merchandise with a cost of R160,000 was sold. On 25 March a customer returned merchandise she had purchased and Sondeza Limited gave her a full refund of R6,500 in cash. What was the gross profit of Sondeza Limited for March?
A. R35,000
B. R30,000
C. R46,500
D. 26,900
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