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TB Problem $6-196($Algo$)$ During its first month of operations, $...$

During its first month of operations, Purfect Pets purchased $5,900$ bags of dog food at a cost of $$3$ a bag and sold all $5,900$ bags of dog food on account with payment terms of $\frac{2}{10},\frac{n}{30}$ for $$12$ each. A total of $2,900$ of these bags were sold to customers who paid within the discount period; the other customers paid after the discount period had ended. Sales allowances totaling $$240$ were granted to customers whose dogs did not like the dog food.

Required:

a$.$ Calculate the gross profit for the month.

b$.$ Calculate the gross profit percentage for the month.

Complete this question by entering your answers in the tabs below.

Required A

Calculate the gross profit for the month.

Gross Profit

Required B

Calculate the gross profit percentage for the month. $($Round your answer to $1$ decimal place $($i$.$e$,0\mathrm{.}1234$ shoukd be entered ad $12\mathrm{.}3)).$

Gross Profit Percentage