Around 0.02 or more precise, 0.02083
Hey there! :D
When you write out decimals, you use words that end with 'ths'. And you use the smallest digit's place to name the whole decimal.
For example,
.1 = one-tenths .25= twenty hundreths .345= three hundred and forty five thousandths
9.753= Nine and seven hundred fifty-three thousandths.
I hope this helps!
~kaikers
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%
