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? Select one: A. R35 000 B. R30 000 C. R46 500 D. 26 900