Answer:
The shrinkage as a percentage of sales is 1.6%.
Step-by-step explanation:
In order to find the percentage of the sales that can be contributed to shrinkage, we first need to find the amount of shrinkage between the book value ($907,340) and the physical inventory ($875,435). The difference between these two values is $31,905. With this value of shrinkage, I then divide by the total amount in sales, which is $1,988,345. This would give me an overall percentage of 1.6%, which represents the shrinkage as a percentage of sales.
Let cost price be x
according to question
x + 40% of x = 280
x+ 0.4x=280
1.4x=280
x=200
this 200 is the store cost or cost price for store
30%of 200= 60
according to question,
cost for employee= 200-60= 140
8 3/4 + 9 5/9 Add 8 and 9
17 + 3*9/4*9 + 5*4/9*4 Find common denominator
17 + 27/36 + 20/36 Add
17 + 47/36 Convert into mixed fraction
17 + 1 11/36 Simplify mixed fraction
18 11/36. Answer
If you need the decimal form, it is 18.31. But other than that, the answer is 18 11/36.
The answer is <u>0.001213 mi</u>
