Gross Sales $23,174,422. Return and Allowance 8% of Gross Sales. What is Net Sales in 2010?
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In 2010, Brock Brothers, Inc. had gross sales of $23,174,422. The company’s management reported a Returns and Allowances estimate in 2010 equal to 8% of gross sales. What did Brock Brothers, Inc. report as Net sales in 2010?
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Answer:
Are u a GSU Student? Cause I am working on the same problem. Here is how you do this. $23,174,422 x .08 = 18,539,534 $23,174,422 -18,539,534= 21,320,468. 21,320,468 is the answer
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