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2. During its first month of operations, Punrfect Pets purchased 6.800 bags of dog food at a cost of $0 a bag and sold all
2. During its first month of operations, Punrfect Pets purchased 6.800 bags of dog food at a cost of $0 a bag and sold all 8,800 bags of dog food on account with payment terms of S 1/10, net 30 for $12 each. A total of 2.100 of these bags were sold to oustomers who paid within the after the discount period had ended. Sales allowances dogs did not like the dog food discount period, the other oustomers paid totaling $240 were granted to customers whose Required: a. Caloulate the gross proft for the month. b. Calaulate the gross prof percentage for the month, (Round your answer to one decimal place (ie. 0.1234 should be entered as 12 3 Type here to search
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