Can you solve this riddle?

It depends on which way the man you met was going. If he was headed to St. Ives as well, then there would be 2802 going to St. Ives. You + the man + 7 wives + 49 sacks + 343 cats + 2401 kits = 2802. If he was headed away from St. Ives, then only you would be going to St. Ives.