You own an electronics store with a merchandise book value of $245,000. you conduct a physical inventory and find the value to be $237,000. your total sales between inventories totaled $360,000. calculate the shrinkage as a percentage of sales.

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%

or

step-by-step explanation:

we need to solve for 'x' the following equation:  

we have that:

⇒

⇒ ⇒

factorizing, we get that:

  ⇒

then, the solutions are: or

nothing extraneous has been found!