Home Restoration reports net sales of $70,000. If sales returns and allowances are $13,000 and sales discounts are $2,500, what are gross sales?

Question

Quizplus · Accepted Answer

Gross sales can be calculated by adding net sales, sales returns and allowances, and sales discounts together. Therefore, $70,000 (net sales) + $13,000 (sales returns and allowances) + $2,500 (sales discounts) = $85,500.

Home Restoration Reports Net Sales of $70,000