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Find the shortage in dollars from the following figures: Opening inventory at retail $25,000; Purchases at retail $17,500; Net sales $18,000; Markdowns $300; Employee discounts
Find the shortage in dollars from the following figures: Opening inventory at retail $25,000; Purchases at retail $17,500; Net sales $18,000; Markdowns $300; Employee discounts $600; Physical inventory, end of period $19,200.
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