It is given that the electronics store has a merchandise book value of $245,000. Thus, in other words it's inventory as per records = $245,000
.
Likewise when the conduct of the physical inventory was done it was found to be of the value $237,000. Thus, in other words the inventory as per physical count = $237,000
Therefore, Shrinkage will be: Inventory on record - Inventory as per physical count.
Therefore, Shrinkage = $245,000 – $237,000 = $8,000
Now, Total sales = $360,000
Therefore, Shrinkage as a percentage of sales is given as:
![\frac{8000}{36000}\times 100 = 2.22\%](https://tex.z-dn.net/?f=%5Cfrac%7B8000%7D%7B36000%7D%5Ctimes%20100%20%3D%202.22%5C%25)
Thus, the shrinkage as a percentage of sales is <u>2.22%</u>.