Back to school question & answer session with business students

Asked by admin @ 28/10/2021 in Mathematics viewed by 433 People

You open a business selling school supplies and tutoring sessions. In your first week, you had $9,000 in sales. You ran a promotion on tutoring sessions totaling $900 in discounts. Your returns equaled $150. Calculate total net sales.

Answered by admin @ 28/10/2021

Answer: total net sales = $7950

Step-by-step explanation:

The formula for determining total net sales is expressed as

total net sales = Gross sales - (sales returns + allowances + discount)

Gross sales means total sales.

From the information given,

Gross sales = $9000

Discounts = $900

Returns = $150

Allowances = 0(this is because it was not given)

Therefore,

total net sales = 9000 - (900 + 150)

= 9000 - 1050

total net sales = $7950

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