Question

The junior sportswear department had an inventory of $125,000 on August 1. What percent of the inventory was transferred, if the following items were sent to a branch store?

22 Swimsuits at $18.00 each

14 beach cover-ups at $28.00 each

28 shorts at $10.50 each

4 1/2 dozen belts at $8.00 each

Answer 1

Inventory value =			125000
Computation of value of inventory transferred
Swimsuits	22*18		396
beach cover-ups	14*28		392
shorts	28*10.5		294
belts	4.5*8*12		432
			1514
percent of the inventory was transferred = 1514/125000		1.21%
Ans =					1.21%