Hair Care Inc. is a wholesaler of hair supplies. Hair Care uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a.	Sold merchandise for cash (cost of merchandise $27,797)	$	50,200
b.	Received merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $260)		500
c.	Sold merchandise (costing $4,250) to a customer, on account with terms 1/10, n/30		10,000
d.	Collected half of the balance owed by the customer in (c) within the discount period		4,950
e.	Granted an allowance to the customer in (c)

Required: 1. Compute Sales Revenue, Net Sales, and Gross Profit for Hair World. $ 60,200 Sales revenue Net sales Gross profit $ 59,590 X 27,803 X $ 2. Compute the gross profit percentage. (Round your answer to the nearest whole percent.) Gross profit percentage 46 %