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denpristay [2]
3 years ago
12

You own a shoe store with a merchandise book value of $178,000. You conduct a physical inventory and find the value to be $169,0

00. Your total sales between inventories totaled $476,000. Calculate the shrinkage as a percentage of sales.
Business
1 answer:
lozanna [386]3 years ago
6 0

Answer:

1.89%

Explanation:

The book value of the merchandise is  $178,000

Physical inventory reveals stock is worth $169,000

The shrinkage = $178,000 - $169,000

=$9000

As a percentage of sales, the shrinkage will be

=$9000/$476,000 x 100

=0.0189076 x 100

=1.89%

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