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The following figures are from a small boutique: Opening Book inventory at retail $16,500 Net Sales $21,000 Markdowns $5400 Purchases (retail) $32,000 Determine the retail

The following figures are from a small boutique:

Opening Book inventory at retail $16,500
Net Sales $21,000
Markdowns $5400
Purchases (retail) $32,000

Determine the retail book inventory for the end of the period:

Calculate the overage or shortage if the physical count was $21,100 (express as a percent and round one place to the right of the decimal)

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