Use the formula
(
b
2
)
2
in order to create a new term. Solve for
x
by using this term to complete the square.
Exact Form:
x
=
±
√
5
−
8
Decimal Form:
x
=
−
5.76393202
…
,
−
10.23606797
See attached picture of graph
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%
Answer:
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