A new shop owner was reviewing figures with the store's accountant. Net sales for the first...
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A new shop owner was reviewing figures with the store's accountant. Net sales for the first three months of business were $125,000 and the book inventory was $100,000. It was noted that the physical inventory was 4.5% lower than the book inventory. Find the shortage percentage for this three-month period. 2% 3.6% 7% 5.6% A new shop owner was reviewing figures with the store's accountant. Net sales for the first three months of business were $125,000 and the book inventory was $100,000. It was noted that the physical inventory was 4.5% lower than the book inventory. Find the shortage percentage for this three-month period. 2% 3.6% 7% 5.6%
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