Question

Your store has average sales of $1,680 per day. Its shrinkage rate is 3%. What will its losses be for an entire year?

Answer 1

$18,396

Step-by-step explanation:

Average sales of the store per day = $1,680

Number of days in a year = 365

Total sales in a year = $1,680 x 365 = $6132,200

Shrinkage rate = 3%

Losses for an entire year = 0.03 x $6132,200 = $18,396