What are net sales?
A)What is remaining after operating and interest expenses.
B)The combination of total customer returns and customer allowances.
C)The revenues received from selling merchandise.
D)The difference between gross profit and gross sales.
E)The difference between cost of goods sold and gross sales.

Question

Quizplus · Accepted Answer

Net sales are what the retailer sells the merchandise for after customer returns and allowances (like markdowns and employee discounts)are taken into consideration.

What Are Net Sales