x Chapter 5 - Merchandic Opera X + meducation.com/ext/map/index.html?con-conexternal browser-launchUnhttp%253A%25 252Futsa blackboard.com%252Fwebapps... Help Save & lomework Che 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 543,200 # Sold merchandise for cash (cost of merchandise $24,297). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $300). C. Sold merchandise (costing 54,275 ) to a customer on account with terms n/60 d. collected half of the balance owed by the customer in (c). 2. Granted partial allowance relating to credit sales the customer in (c) had not yet pald. See 9,000 4.500 4. Hair World is considering a contract to sell merchandise to a hair salon chain for $14,000. This merchandise will cost Hair World $9,520. What would be the increase for decrease) to Hair World's gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) Gross Pro Gross Prof Percentage to 17 of 22 Next >