Collins Merchandising Inc.sold two lawnmowers for $400 a piece,and replacement parts for the lawnmowers in the amount of $300 for the month.The company also sold $2000 worth of television sets,but offered a 2% discount on any sales.During the month,one of the lawnmowers was returned.The lawnmowers were previously recorded in inventory costing $300/each,while the costs of the televisions sets totalled $1,500.What is the gross profit percentage for Collins Merchandising Inc.?

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The Answer of Collins Merchandising Inc.sold two lawnmowers for $400 a piece,and replacement parts for the lawnmowers in the amount of $300 for the month.The company also sold $2000 worth of television sets,but offered a 2% discount on any sales.During the month,one of the lawnmowers was returned.The lawnmowers were previously recorded in inventory costing $300/each,while the costs of the televisions sets totalled $1,500.What is the gross profit percentage for Collins Merchandising Inc.?