gross profit percentage?

Required information [The following information applies to the questions displayed below.] Ross \& Company is a wholesaler of hair supplies. Ross uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $29,877 ). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) 553,120 for cash refund (original cost of merchandise $250 ). c. Sold merchandise (costing $5,605 ) 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 5,908 paid. f. Anticipate further returns of merchandise (costing \$170) after year-end from sales made 290 during the year. 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.)