3/7 remaining is approximately equal to .428571
.4286 converts to 42.86\100 which equals 42.86%
3/7=42.86%
Answer:
b
Step-by-step explanation:
I looked it up on the calculator.
0.22% shrinkage as a percent of sales.
To calculate shrinkage you subtract the physical inventory value from the book value.
245,000-237,000 = 800
The shrinkage was $800. To find the shrinkage as a percent of sales take the shrinkage value and divide it by the sales value to get shrinkage as a percentage of sales.
800 / 360,000 = 0.0022....
Multiply Decimal by 100 to get the percentage
100 * 0.0022.... = 0.22%
