Answer:
The net sales for last month were <u>$19,525</u>.
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:
<em>Sales - discounts</em> = ![\$24,000 - \$3,500 =\$20,500.](https://tex.z-dn.net/?f=%5C%2424%2C000%20-%20%5C%243%2C500%20%3D%5C%2420%2C500.)
Then, we deduct the returns from the remaining amount:
<em>Sales after discounts - returns</em> = ![\$20,500 - \$975](https://tex.z-dn.net/?f=%5C%2420%2C500%20-%20%5C%24975)
= ![\$19,525.](https://tex.z-dn.net/?f=%5C%2419%2C525.)
Therefore, the net sales for last month were $19,525.