Question

QUESTION 5 of 10: Last year, your store's total revenue was $272,000. The store's total discounts were $3,505 and returns totaled $1,459.
What were your store's net sales?
a) $209,844
b) $254,984
c) $267,036
d) $289,890

Answer 1

Answer:

c) $267,036

Explanation:

Net sales will the total revenue minus discounts minus the sales returns.

I.e Net sales = Revenue - discounts -returns

=$272,000- $3,505 - $1,459.

=$267,036