Question

Last year, your store's total revenue was $570,000. The store's total discounts were $15,000 and returns totaled $10,000. What were your

store's net sales?

Answer 1

$545,000

Step-by-step explanation:

Net sales represent a company's gross sales or revenues minus the sales returns, allowances, and discounts. Therefore, the net sale is the actual amount the company realizes from its sales.

in the cases;

net sales = revenue - discounts

net sales = $570,000 - ($15,000 +$10,000.)

net sales =$570,000 -$25,000

Net sales =$545,000