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During its first month of operations. Purrfect Pets purchased 6,300 bags of dog food at a cost of $4 a bag and sold all 6,300

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During its first month of operations. Purrfect Pets purchased 6,300 bags of dog food at a cost of $4 a bag and sold all 6,300 bags of dog food on account with payment terms of 1/10, 1/30 for $10 each. A total of 2,900 of these bags were sold to customers who pald within the discount period, the other customers paid after the discount perlod had ended. Sales allowances totaling $200 were granted to customers whose dogs did not like the dog food. Required: a. Calculate the gross profit for the month b. Calculate the gross profit percentage for the month Complete this question by entering your answers in the tabs below. Required A Required Calculate the gross profit for the month. C Profit PA Required B

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