$1$ point

If all companies in the industry will experience an inflation rate of $9\mathrm{.}89\%$ on the cost of goods sold and sales volume is expected to shrink $5\mathrm{.}02\%,$ what is the expected percent change in cost of goods sold on the income statement?

$($Enter your answer as a number with two decimal places but without the percent symbol. For example, if your answer is $89\mathrm{.}12\%,$ enter $89\mathrm{.}12)$

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