Hair World is considering a contact to sell merchandise to a hair salon chain for $ 13,000. This merchandise will cost Hair World $9,040. 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 (The following information applies to the Questions displayed below.) Hair World line is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transaction(summarized) have been selected for analysis. Sold merchandise for cash (cost of merchandise $20,797). $35,200 Received merchandise returned by consumers as unsatisfactory (but in perfect condition). For cash refund (original cash of merchandise $240). Sold merchandize(costing $3,800) to a consumer, on account with terms 200, n/30. Collected hair of the balance owed by the consumer in within the discount period. Granted a partial allowance relating to credit sales that the the customer in had not yet paid Hair World is considering a contact to sell merchandise to a hair salon chain for $ 13,000. This merchandise will cost Hair World $9,040. 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 (The following information applies to the Questions displayed below.) Hair World line is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transaction(summarized) have been selected for analysis. Sold merchandise for cash (cost of merchandise $20,797). $35,200 Received merchandise returned by consumers as unsatisfactory (but in perfect condition). For cash refund (original cash of merchandise $240). Sold merchandize(costing $3,800) to a consumer, on account with terms 200, n/30. Collected hair of the balance owed by the consumer in within the discount period. Granted a partial allowance relating to credit sales that the the customer in had not yet paid