Gross profit & Gross profit percentage

er 6 Connect Assignment Help Required information 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 transactions of 4 (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $24,797) b. Received merchandise returned by customers as unsatisfactory (but in perfect condst ion) for cash 543,200 refund (original cost of merchandise $300) c. Sold merchandise (costing $4,275) to a customer on account with terms n/6e. d. Collected half of the balance owed by the custoner in (c). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. 500 9,800 4,580 144 sk int ences $9,520. What would be the increase (or decrease) to Hair World's gross profit and gross profit percentage? (Round "Gross Profit Percentage to 1 decimal place.) 4. Hair World is considering a contract to sell merchandise to a hair salon chain for $14,000. This merchandise will cost Hair World by Gross Profit to Gross Profit Percentage