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Net sales is sales less what?

In: Business & Finance, Business Accounting and Bookkeeping [Edit categories]

Answer:

Net Sales is the the Total Sales less the Cost of Goods Sold.

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Net sales refers to revenues earned by businesses after selling a product/service.

Sales less discounts, returns and allowances for damages/losses equals
sales.

First answer by ID3200582977. Last edit by Marcellaglenn. Contributor trust: 14 [recommend contributor ]. Question popularity: 0 [recommend question].

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