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Find the shortage or overage percentage if: Net sales $137,000 Opening inventory (retail) 140,000 Markdowns 7,000 Employee discounts 1,000 Retail purchases 96,000 Closing physical inventory

Find the shortage or overage percentage if:

Net sales $137,000

Opening inventory (retail) 140,000

Markdowns 7,000

Employee discounts 1,000

Retail purchases 96,000

Closing physical inventory 89,150

  1. .014%
  2. .14%
  3. 1.4%
  4. 14%

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