Recording sales with discounts an estimated an actual returns and analyzing gross profit percentage

-Ramos hairstyling is considering a contract to sell merchandise to a hair salon chain for $45,000. This merchandise will cost Ramos hairstyling $29,500. What would be the increase or decrease to Ramos hairstyling gross profit and gross profit percentage

Ramos Hair Styling is a wholesaler of hair supplies. Ramos Hair Styling uses a perpetual Inventory system. The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash (cost of merchandise $34,197. b. Recelved merchandise returned by customens as unsatisfactory (but in perfect condition) for cash refund (original cost of mecchandise $370 ). c. Sold zerchandise (costing $9,825) to a custoren on account with terms n/6e: d. tollected half of the balance owed by the customer in (c). e. Granted a partial allowance relating to credit sales the custorer in (c) had not yet paid: f. Anticipate further returns of merchandise (costing S2pe) after yeartend from salef made durzil the year. W. Ramos Hair Styling is considering a contract to sell merchandise to a hair salon chain for $45.000. This merchandise wili cost Ramos Hair Styling $29,500. What would be the increase (or decrease) to Ramos. Hair Styling gross oroft and gross profitipercentage? (Round "Gross Proflt Percentage" to 1 decimal plece.)