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

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

a. Sold merchandise for cash (cost of merchandise $18,797). $31,200
b.

Received merchandise returned by customers as unsatisfactory (but in perfect condition), for cash refund (original cost of merchandise $210).

350
c. Sold merchandise (costing $3,563) to a customer, on account with terms 2/10, n/30. 7,500
d. Collected half of the balance owed by the customer in (c) within the discount period. 3,675
e. Granted a partial allowance relating to credit sales that the customer in (c) had not yet paid 120
Required:
1. Compute Sales Revenue, Net Sales, Gross Profit, and the gross profit percentage (rounded to one decimal place) for Hair World.

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