Calculate the gross profit for the year ended 28 Feb:

info:

Opening inventory 400 000

Sales 2 400 000

Sales return 80 000

Cash purchase 1 000 000

Credit purchase 772 000

Purchases returns 60 000

carriage on purchase 48 000

carriage on sales R72 000

added info: A physical count of merchandise on 28 Feb 2021 revealed and inventiry figure of 560 000 at cost price.