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%
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168
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I hope C
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if I'm wrong please let me know
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