Balley's Beauty World is a wholesaler of hair supplies. Bailey's Beauty World uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $30,597). $ 54,400 b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $270). 300 13,000 c. Sold merchandise (costing $6,175) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. f. Anticipate further returns of merchandise (costing $190) after year-end from sales made during the year. 6,500 170 310 Balley's Beauty World is considering a contract to sell merchandise to a hair salon chain for $25,000. This merchandise will cost Balley's Beauty World $16,500. What would be the Increase (or decrease) to Balley's Beauty World gross profit and gross profit percentage? (Round "Gross Profit Percentage" to 1 decimal place.) ross Profit ross Profit Percentage by to %