Net sales and gross profit
Mayflower Supply House had gross sales revenue of $1,700,000, cost of goods sold of $950,000, sales returns and allowances of $52,500, and allowed sales discounts of $30,000.
Compute for the year:

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The Answer of Net sales and gross profit
Mayflower Supply House had gross sales revenue of $1,700,000, cost of goods sold of $950,000, sales returns and allowances of $52,500, and allowed sales discounts of $30,000.
Compute for the year:

Net Sales and Gross Profit