Question

You own an accessories store, and sales last month were $24,000. You had $3,500 in discounts and $975 in returns.

Calculate your net sales for last month.

Answer 1

The net sales for last month were $19,525.

Explanation:

Given:

Last month sales were $24,000.

Discounts is $3,500 and $975 in returns.

Now, to get the net sales for last month.

So, we deduct the discount:

Sales - discounts =
`\$24,000 - \$3,500 =\$20,500.`

Then, we deduct the returns from the remaining amount:

Sales after discounts - returns =
`\$20,500 - \$975`

=
`\$19,525.`

Therefore, the net sales for last month were $19,525.