A company had sales of $40,000, sales discounts of $800, sales returns of $1,600 and commissions owed to sales people of $600. Compute net sales.

Name: A company had sales of $40,000, sales discounts of $800, sales returns of $1,600 and commissions owed to sales people of $600. Compute net sales.
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Question

Quizplus · Accepted Answer

Net sales = Sales - (Sales discounts + Sales returns + Commissions)
Net sales = $40,000 - ($800 + $1,600 + $600)
Net sales = $37,000

A Company Had Sales of $40,000, Sales Discounts of $800