188 3 6) 91 193 194 195 196 197 198 199 Tanya's Beer Shoppe, Inc. had a fire. The entire inventory was lost. The owners are putting together a claim for the insurance company. Sales this year were $800,000 up until the fire. The average gross margin percentage is 20%. The inventory at the beginning of the year was $240,000 (at cost). The company had purchased $600,000 of beer this year (at cost) up until the date of the fire. How much can Tanya's Beer Shoppe claim as lost in the fire? A. $ 680,000 B. $ 200,000 C. $ 240,000 D. $ 500,000 E. $ 640,000 Your Answer 37) Tanya Revisited. Go to the last problem. Instead of "The average gross margin percentage is 20% replace it with "The average markup on its products is 150%." How much can Tanya's Beer Shoppe claim as lost in the fire? A. $160,000 B. $ 306.667 C. $ 533,333 D. $ 500,000 E. $ 520,000 206 207 208 209