1) Compute Sales Revenue, Net Sales, and Gross Profit for Campus Stop. 2) Compute the gross profit percentage. (Round your answer to 2 decimal places.) 3)

Campus Stop. Inc. is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summerized) have been selected for analysis: $253,000 o. Sold merchandise for cash (cost of merchandise $141.870). b. Received merchandise retumed by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandlise $650). c. Sold merchandise (costing $4,500) to a customer on account with terms 2/10, n/30. d. Collected half of the balance owed by the customer in (c)within the cliscount period. e. Granted a partial allowance relating to credit sales that the customer in (c)had not yet paid. 1,600 10,000 4.900 1,600 Campus Stop. Inc. is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summerized) have been selected for analysis: $253,000 o. Sold merchandise for cash (cost of merchandise $141.870). b. Received merchandise retumed by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandlise $650). c. Sold merchandise (costing $4,500) to a customer on account with terms 2/10, n/30. d. Collected half of the balance owed by the customer in (c)within the cliscount period. e. Granted a partial allowance relating to credit sales that the customer in (c)had not yet paid. 1,600 10,000 4.900 1,600