What do ework 0 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 erchandise for eash (eost of merchandise $22,797) b. Received merchandise returned by custoners as unsatisfactory (but in perfect condition) $39,200 for cash refund (original cost of serehandise $270 ) e. Sold nerchandise (costing $4,038 to a eustomer on account with terms h/60 d. Collected halt 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. 2. Compute the gross profit percentage. (Round your answer to 1 decimal place)