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

Related Questions