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R&R Lumber reports gross sales of $70,000. If sales returns and allowances are $10,000 and sales discounts are $3,000, what are the net sales? A. $83,000 B. $63,000 C. $57,000 D. $70,000
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R&R Lumber reports gross sales of $70,000. If sales returns and allowances are $10,000 and sales discounts are $3,000, what are the net sales? A. $83,000 B. $63,000 C. $57,000 D. $70,000

User Gontard
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2 Answers

2 votes
 it should be 63,000....
User Davide ND
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4 votes
Net sales
70,000−(10,000+3,000)=57,000
User Jayson Minard
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7.5k points
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