Ms. Treadway's athletic shoe store had gross sales of $62,500 in January. Compute her NET SALES for the month from the following data. $$\begin{array} { l c }
\text { Sales returns } & \$ 2,500 \
\text { Purchases } & \$ 5,000 \
\text { Markdowns } & \$ 2,000 \
\text { Stockturn rate } & 3
\end{array}$$
A) $59,500
B) $5,500
C) $48,000
D) $60,000
E) $3,500

Question

Ms. Treadway's athletic shoe store had gross sales of $62,500 in January. Compute her NET SALES for the month from the following data. $$\begin{array} { l c } 
\text { Sales returns } & \$ 2,500 \
\text { Purchases } & \$ 5,000 \
\text { Markdowns } & \$ 2,000 \
\text { Stockturn rate } & 3
\end{array}$$
A) $59,500
B) $5,500
C) $48,000
D) $60,000
E) $3,500

Quizplus · Accepted Answer

The Answer of Ms. Treadway's athletic shoe store had gross sales of $62,500 in January. Compute her NET SALES for the month from the following data. $$\begin{array} { l c } 
\text { Sales returns } & \$ 2,500 \
\text { Purchases } & \$ 5,000 \
\text { Markdowns } & \$ 2,000 \
\text { Stockturn rate } & 3
\end{array}$$
A) $59,500
B) $5,500
C) $48,000
D) $60,000
E) $3,500

Ms Treadway's Athletic Shoe Store Had Gross Sales of $62,500