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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 Markdowns $27,000 Employee discounts $1,000 Retail

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

Net sales $137,000

Opening inventory (retail) $640,000

Markdowns $27,000

Employee discounts $1,000

Retail purchases $96,000

Closing physical inventory $531,450

Net sales for the year $1,520,000

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