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need help computing the gross profit percentage Check my work...

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Accounting

need help computing the gross profit percentage
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Check my work 3 Part 2 of 4 Required information CP6-3 (Algo) Recording Cash Sales, Credit Sales, Estimated and Actual Sales Returns, and Sales Allowances, and Analyzing Gross Profit Percentage (LO 6-4, LO 6-6) [The following information applies to the questions displayed below) Reyes Books, is a student co-op. Reyes Books uses a perpetual inventory system. The following transactions (summarized) have been selected for analysis: 15 points a. sold merchandise for cash cost of merchandise $159,070). b. Received merchandise returned by auntoners as atletatory (but in perfect conditions for cash refund original cost of merchandise 5620) e. Bold merchandise conting 59,450) to a customer on count with terne /30. d. Collected that of the balance owed by the custom in (0) e. Granted a partial allowance relating to credit welee the customer in (0) had not yet paid 1. Anticipate further returns of merchandise (costing 1210) after month and from wales made during the month 5200,750 1,670 21,000 10.500 1,200 750 Print Hences CP6-3 (Algo) Part 2 2. Compute the gross profit percentage (Round your answer to 1 decimal place.) Cross Profil Percentage 450 %

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