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Find the shortage or overage percentage if January figures are as follows: Net sales$137,000 Opening inventory (retail)640,000 Markdowns27,000 Employee discounts1,000 Retail purchases96,000 Closing physical inventory531,450

Find the shortage or overage percentage if January figures are as follows:

Net sales$137,000

Opening inventory (retail)640,000

Markdowns27,000

Employee discounts1,000

Retail purchases96,000

Closing physical inventory531,450

Net sales for the year1,520,000

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