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Campus Stop is considering a contract to sell merchandise to a campus organization for $24,000. This merchandise will cost Campus Stop $14,900. What would be

Campus Stop is considering a contract to sell merchandise to a campus organization for $24,000. This merchandise will cost Campus Stop $14,900. What would be the increase or decrease to Campus Stop's gross profit and gross profit percentage? TIP: The impact on gross profit (a dollar amount) may differ from the impact on gross profit percentage. (Round "Gross Profit Percentage" to 1 decimal place.)

Campus Stop, Inc., is a student co-op. Campus Stop uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a. Sold merchandise for cash (cost of merchandise $160,750). $ 294,300
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $930). 1,730
c. Sold merchandise (costing $13,050) to a customer on account with terms 2/10, n/30. 29,000
d. Collected half of the balance owed by the customer in (c) within the discount period. 14,210
e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid. 1,980

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