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Problem 6-199 [LO 6-4, LO 6-6) 14 6.75 point During its first month of operations, Purrfect Pets purchased 6,700 bags of dog food at a
Problem 6-199 [LO 6-4, LO 6-6) 14 6.75 point During its first month of operations, Purrfect Pets purchased 6,700 bags of dog food at a cost of $8 a bag and sold all 6,700 bags of dog food on account with payment terms of 2/10, 1/30 for $11 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 $220 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 2 Complete this question by entering your answers in the tabs below. Required A Required B Calculate the gross profit for the month Gross Profit ( Requr Required B > Problem 6-199 [LO 6-4, LO 6-6) 14 6.75 points During its first month of operations, Purrfect Pets purchased 6,700 bags of dog food at a cost of $8 a bag and sold all 6,700 bags of dog food on account with payment terms of 2/10,n/30 for $11 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 $220 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 00:39:10 Complete this question by entering your answers in the tabs below. Required A Required B Calculate the gross profit percentage for the month. (Round your answer to 1 decimal place (.e., 0.1234 should be entered as 123) Gross Profit Percentage (Required A Required
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