The company gross sales is4500000. it made purchase of 2000000. purchase return are of 200000 sales return 125250, discount sales 135000, what will be net sales
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Net sales show the revenue your company makes after deductions such as discounts, returns, and allowances are subtracted from your total profits.
Formula for net sales
Net sales = sales - sales discounts - sales return
= 45, 00,000 - 1,35,000 - 125250
= 4239750
Net Sales = 4239750
Answered by
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Net Sales = Gross Sales - (Sales Returns + Discount Sales )
= Rs.45,00,000 -(Rs. 1,25,250 + Rs.1,35,000)
= Rs.42,39,750
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