Question

A company reports the following sales related information: sales (gross) of $200,000; sales discounts of $4,000; sales returns and allowances of $16,000; sales salaries expense of $10,000.

Answer 1

Assuming that you wanted to find out the net profit, it will be :

200,000
+ 4,000
- 16,000 
- 10,000

= $ 178,000

hope this helps