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What was the gross profit of Sondeza Limited for March

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Reference no: EM133172203

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

Reference no: EM133172203

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