You own a jewelry store, and sales last month were $19,000. you had $3,000 in discounts and $1,750 in returns. calculate your net sales for last month.
Business · High School · Tue Nov 03 2020
Answered on
Given the statement:
You own a jewelry store, and sales last month were $19,000. you had $3,000 in discounts and $1,750 in returns.
Determine the net sales.
Net sales formula:
Net Sales = Gross Sales – Returns – Allowances – Discounts
Solution:
Substitute the given values to the formula for net sales.
Net sales = $19,000 - $1,750 - $3,000
Net sales = $14,250
Final answer:
Net sales = $14,250