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Helps 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 (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $32,797). b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $420 ). c. Sold merchandise (costing 55,700 ) to a customer on account with terms n/60. d. Collected half of the balance owed by the customer in (). e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid. $59,20 789 12,00e 6,89 2. Compute the gross profit percentage. (Round your answer to 1 decimal place.) Gross Profit Percentage