what do 2no, n/30 invoice terms mean? - Ac Do any financial work Saved 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 tor cash (cost of rchandise S22.797) b. Received merchandise returned by eustoners as unnatisfactory (but in perfeet condition) $39,200 for cash refund (original cost of merchandise $270) c, sold merchandise (costing S4,038 ) to a eustoner on account with terna a/60. d. collected hait of the balance oved by the cuatoner in (c) e. Granted a partial allovance relating to credit sales the customer in (e) had not yet 8, 500 4,250 paid 4. Hair World is considering a contract to sel merchandise to a hair salon chain for $13,500. This merchandise will cost Hair World $9280. What would be the increase (or decrease) to Hair World's gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) Gross Proft Gross Profit Percentage 7 of 11i Next> 4