Question

Last year, your store's total revenue was $400,000. the store's total discounts were $10,000 and returns totaled $5,000. what were your store's net sales?

Answer 1

Net sales 400,000−(10,000+5,000)
=385,000

Answer 2

Answer: Store's net sales would be $385,000.

Explanation:

Given: Last year store's revenue=$400,000

Last year store's total discounts =$10,000

Last year returns by store =$5,000

Therefore store's net sales would be

revenue-discounts-returns

=$400,000-$10,000-$5,000

=$400,000-($10,000+$5,000)

=$400,000-($15,000)=$385,000

⇒Store's net sales would be $385,000.