G mart deals in retail sales of consumer goods. The head of G mart finance estimates the sales volume of a particular product to be 4,000 units at a price of $20 per unit. 17% sales return is estimated for this product and a 1% discount is provided to all customers. How much in budgeted net sales of that particular product is G mart expecting?

Question

Quizplus · Accepted Answer

Budgeted Net Sales for Retailers = (Budgeted Sales Volume × Budgeted Sale Price) F1F1F1S1?F1F1F10 Sales Returns - Discounts;
Budgeted Net Sales = (4,000 × $20) F1F1F1S1?F1F1F10 (4,000 × $20 × 17%) F1F1F1S1?F1F1F10 (4,000 × $20 × 1%)
Budgeted Net Sales = ($80,000 F1F1F1S1?F1F1F10 $13,600 F1F1F1S1?F1F1F10 $800) = $65,600

G Mart Deals in Retail Sales of Consumer Goods