Multiple Choice
A backpack normally costs \$25 but is on sale for \$21. What is the percentage discount applied to the backpack?
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4. Merchandising Operations
Net Sales
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Juan earned \$100 in gross sales. If he had sales returns of \$10 and sales discounts of \$5, what is his net sales?
A
\$90
B
\$85
C
\$95
D
\$100
Verified step by step guidance1
Start by understanding the formula for Net Sales: Net Sales = Gross Sales - Sales Returns - Sales Discounts.
Identify the given values in the problem: Gross Sales = \$100, Sales Returns = \$10, and Sales Discounts = \$5.
Substitute the given values into the formula: Net Sales = 100 - 10 - 5.
Perform the subtraction step-by-step: First, subtract the Sales Returns from Gross Sales (100 - 10), then subtract the Sales Discounts from the result.
The final result will give you the Net Sales, which represents the total revenue after accounting for returns and discounts.
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