Help Save & Exit Submit Check my work Required information [The following information applies to the questions displayed below] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for eash (cost of merchandise $24,797) b. Received nerchandise returned by custoners as unaatiafactory (but in perfect condition) 43,200 28 for cash refund (original cost of merchandise $300 e. Sold merchandise (costing $4,275 to a cuntomer on account with terns n/60. d. Collected haif of the balance oved by the customer in (e) e- Granted a partial allovance relating to oredit aales the customer in (e) had not yet 500 9,000 4,500 paid. 144 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage