Answer Happy

TB Problem 6-196 (Algo) During its first month of operations, ... During its first month of operations, Purrfect Pets purchased 6,600 bags of dog food at a cost of $6 a bag and sold all 6,600 bags of dog food on account with payment terms of 1/10, n/30 for $11 each. A total of 2,800 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. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the gross profit for the month. Gross Profit Required A Required B >
TB Problem 6-196 (Algo) During its first month of operations, ... During its first month of operations, Purrfect Pets purchased 6,600 bags of dog food at a cost of $6 a bag and sold all 6,600 bags of dog food on account with payment terms of 1/10, n/30 for $11 each. A total of 2,800 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. 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 (i.e., 0.1234 should be entered as 12.3)). Gross Profit Percentage % < Required A Required B