A major department store chain has average sales of $1,340,000 per day. Its shrinkage rate is 0.5%. What will it's losses be for an entire year? (Assume 365 days per year.)
a)2,445,500
b)3,245,000
c)4,210,000
d)5,487,050
The yearly loss is
.005 * 1,340,000 * 365 = 2,445,500 = "a"
