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Bailey's Beauty World is a wholesaler of hair supplies. Bailey's Beauty World uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis:

a. Sold merchandise for cash (cost of merchandise $30,597).	$ 54,400
b. Received merchandise returned by customers as unsatisfactory (but in perfect condition) for cash refund (original cost of merchandise $270).	300
c. Sold merchandise (costing $6,175) to a customer on account with terms n/60.	13,000
d. Collected half of the balance owed by the customer in (c).	6,500
e. Granted a partial allowance relating to credit sales the customer in (c) had not yet paid.	170
f. Anticipate further returns of merchandise (costing $190) after year-end from sales made during the year.	310

1. Compute the gross profit percentage. (Round your answer to 1 decimal place.)