Question

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.

Answer 1

Given:
Sales last month - 19,000
sales discounts - 3,000
sales returns - 1,750

Net Sales is computed by deducting Sales returns & Allowances and Sales discounts from Gross Sales.

Net Sales = 19,000 - 3,000 - 1,750 = 14,250

The net sales for last month was $14,250.00