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pls help with A and B During its first month of operations, Purrfect Pets purchased 6,900 bags of dog food at a cost of $2
pls help with A and B
During its first month of operations, Purrfect Pets purchased 6,900 bags of dog food at a cost of $2 a bag and sold all 6,900 bags of dog food on account with payment terms of 2/10,n/30 for $10 each. A total of 2,200 of these bags were sold to customers who paid within the discount period; the other customers paid affer the discount period had ended. Sales allowances totaling $200 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. Calculate the gross profit for the month. During its first month of operations, Purrect Pets purchased 6,900 bags of dog food at a cost of $2 a bag and sold all 6,900 bags of dog food on account with payment terms of 2/10,/30 for $10 each. A total of 2,200 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 $200 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. Calculate the gross profit percentage for the month. (Round your answer to 1 decimal place (he., 0.1234 should be entered as 12.3)) Step by Step Solution
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