Question

ou open a business selling art supplies and lessons. In your first month, you had the following total sales: $4,000 in paint, $2,000 in brushes, $1,500 in easels, and $1,750 in canvas. You ran a promotion on painting lessons totaling $600 in discounts. Your returns equaled $250. Calculate total net sales.

Answer 1

To calculate total net sales, add up all sales ($9,250) and subtract discounts given on lessons ($600) and returns ($250), resulting in total net sales of $8,400.

Step-by-step explanation:

To calculate the total net sales for your art supplies and lesson business, you begin by adding up all your total sales. You have reported the following figures:

• Paint: $4,000
• Brushes: $2,000
• Easels: $1,500
• Canvas: $1,750

The sum of these amounts is $9,250. However, we still need to account for the discounts provided on painting lessons and any returns:

• Lessons Discounts: -$600
• Returns: -$250

By subtracting these two amounts from your total sales, you obtain your net sales:

$9,250 (total sales) - $600 (discounts) - $250 (returns) = $8,400 (net sales)

Therefore, your total net sales after accounting for discounts and returns is $8,400.

Answer 2

Answer: The total net sales are $8,400.

Explanation: The formula for net sales is total gross sales less discounts and returns. In this case the total gross sales are $4,000 + 2,000 + 1,500 + 1,750 = $9,250.

$9,250 - 600 - 250 = $8,400

Total net sales = $8,400