Question

You own an accessories store, and sales last month were $24,000. You had $3,500 in discounts and $975 in returns.

Answer 1

Answer:

The net sales for last month were $19,525.

Step-by-step explanation:

Given:

Last month sales were $24,000.

Discounts is $3,500 and $975 in returns.

Now, to get the net sales for last month.

So, we deduct the discount:

Sales - discounts = $\ 24,000 - \ 3,500 =\ 20,500.$

Then, we deduct the returns from the remaining amount:

Sales after discounts - returns = $\ 20,500 - \ 975$

                                                   = $\ 19,525.$

Therefore, the net sales for last month were $19,525.