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EXHIBIT 11
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NATIONAL RECORD MART, INC.
CALCULATION OF NET LOSS PER COMMON SHARE
FOR THE THIRTEEN AND TWENTY-SIX WEEKS ENDED SEPTEMBER 27, 1997 AND
SEPTEMBER 28, 1996
NET LOSS PER COMMON SHARE
The computation of weighted average common shares and equivalents outstanding
for the periods presented is as follows:
Thirteen Weeks Ended Twenty-six Weeks Ended
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September 27, September 28, September 27, September 28,
1997 1996 1997 1996
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Weighted average common
shares outstanding 4,844,624 4,838,495 4,844,624 4,835,308
Common Stock Equivalents
which are dilutive * * * *
Treasury stock assumed to
be repurchased using
proceeds from options and
warrants - - - -
------------- ------------- ------------- -------------
Weighted average common
shares and equivalents
outstanding 4,844,624 4,871,716 4,844,624 4,835,308
------------- ------------- ------------- -------------
Net loss ($791,262) ($1,085,712) ($1,699,077) ($2,361,461)
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Net loss per share $( 0.16) ($0.22) ($0.35) ($0.49)
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* Shares not included in calculation, as the effects of such shares would be
anti-dilutive.
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