Net Sales is the the Total Sales less the Cost of Goods Sold..Net sales refers to revenues earned by businesses after selling a product/service.Sales less discounts, returns and allowances for...
most stores have cheap sales to attract the buyers. they also sometimes do it just to get rid of last seasons styles.. to bring on the new collection. once people see that the store has a crazy sale...
There isn't a Federal sales tax but the individual States and Cities have different ways of taxing the sale. For instance in NC there is a Transfer tax when you sell your home.