ezto.mheducation.com/ext/mapdex.html?_con-conexternal_browserelaunchurteht253A%252F%252Fnewconnect.mheducation.com/252F#activity question-group/KEZ... Connect Class Mwolondras Easy Free Bible Minbox (569-agen Homepage Eigin... Summer 2020-AC ADDS PA6-3 Recording Sales with Discounts and Returns and Analyzing Gross Profit Percentage (LO 6-4, L 5) [The following information applies to the questions displayed below.] Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual Inventory system. The following transactic (summarized) have been selected for analysis: $67,200 a. Sold merchandise for cash (cost of merchandise $36,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $480 ). c. Sold merchandise (costing $6,650 ) 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. 800 14,000 7,000 224 PA6-3 Part 2 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage %