Compute the gross profit percentage. (Round your answer to 1 decimal place.)

4 Required information The following information appies to the questions displayed below.] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions Part 2 of 4 (summarized) have been selected for analysis: 2.5 points a- Sold merchandise for cash (cost of merchandise $46,797) b. Received merchandise returned by eustoners as unsatsafactory (but in perfect eondstion) 87,200 04-3254 for cash refund (original coat of merchandise $630 c. Sold nerchandise (costing $9,025 to a customer on account with terns n/60. d. Collected half of the balance owed by the custoner in (c) e. Granted a partial allowance relating to credit sales the eustomer in (e) had not yet 1,050 19,000 9,500 paid Print 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.)