Sales of $350,000 and net sales of $323,000 could reflect sales discounts of $27,000.
$350,000 - $323,000 = $27,000

Name: Sales of $350,000 and net sales of $323,000 could reflect sales discounts of $27,000. $350,000 - $323,000 = $27,000
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Quizplus · Accepted Answer

This is correct because sales discounts are deducted from gross sales to arrive at net sales. Therefore, if net sales are $27,000 less than gross sales, then it can be assumed that $27,000 worth of discounts were applied.

Sales of $350,000 and Net Sales of $323,000 Could Reflect