A vegetable stand at a farmers market carries a weekly inventory valued at $3, 000. Due to spoilage, 5% of the stock must be thrown out each week. What is the carrying cost of spoilage per dollar of weekly inventory?

BUSINESS MATHEMATICS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A vegetable stand at a farmer’s market carries a weekly inventory valued at $3, 000. Due to spoilage, 5% of the stock must be thrown out each week. What is the carrying cost of spoilage per dollar of weekly inventory?

A	0.05
B	0.10
C	0.15
D	0.20

Explanation:

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BUSINESS MATHEMATICS