During its first month of operations, Purrfect Pets purchased 6,100 bags of dog food at a cost of $6 a bag and sold all 6,100 bags of dog food on account with payment terms of 2/10, n/30 for $10 each. A total of 2,400 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 $200 were granted to customers whose dogs did not like the dog food. Required: Calculate the gross profit for the month. Calculate the gross profit percentage for the month

Gross Profit     $23720  

Gross profit percentage 39.323%

Explanation:

The discounts allowed are subtracted from the sales .Also the sales allowances are deducted in the income statement.

Purrfect Pets

Sales units 6100

Sales Price $10

Sales                                                                          $ 24000

Less Sales Discounts (2% of 10) *2400                       (480)

Sales                                                                           $ 23520

Add Sales without discount (6100-2400)*10              $37000

Total Sales                                                                   $ 60520

Less Sales Allowances                                                 (200)

Net Sales                                                                      $ 60320

Less Purchases (6100* 6)                                            $ 36600

Gross Profit                                                                     $23720                  

Gross profit percentage= Gross Profit /Sales *100 %

Gross profit percentage= $23720    / $ 60320* 100%= 39.323%

i think you have to let the moderators that you want your old account to be activated.

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants