The store's net sales were $267,036. This is calculated by taking the total revenue and subtracting the total discounts and returns.
What is net sale?
The total of a company's net sales is its gross sales less any returns, allowances, as well as discounts. Externally, net sales calculations aren't always transparent. They can frequently be taken into account when calculating top line revenues that are reported just on income statement. The financial report that's also primarily used when examining a company's revenues, revenue growth, as well as operational costs is the income statement. The three sections of the income statement allow for the analysis of direct costs, indirect costs, as well as capital costs. Net sales are shown in the direct costs section of the income statement.
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