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Multiple Choice
A school fundraiser sells 1,200 tickets at \$10 each. If the school offers \$600 in discounts and allows \$200 in sales returns, what is the net sales amount?
A
\$9,400
B
\$10,000
C
\$12,000
D
\$11,200
Verified step by step guidance
1
Step 1: Calculate the total revenue from ticket sales by multiplying the number of tickets sold (1,200) by the price per ticket (\$10). Use the formula: .
Step 2: Subtract the discounts offered (\$600) from the total revenue to account for the reduction in sales due to discounts. Use the formula: .
Step 3: Subtract the sales returns (\$200) from the revenue after discounts to account for the tickets returned. Use the formula: .
Step 4: Ensure all calculations are performed sequentially to arrive at the net sales amount, which represents the final revenue after accounting for discounts and returns.
Step 5: Review the net sales amount and compare it to the provided answer choices to identify the correct value.