The formulas used in the calculations are:
\[ \text{net sales} = \text{gross sales} - (\text{sales returns} + \text{sales allowances} + \text{sales discounts}) \]
\[ \text{gross sales} = \text{number of products sold} \times \text{price of the products} \]
This calculator computes the Net Sales based on the input values of gross sales, sales returns, sales allowances, and sales discounts. Net Sales is an important metric that reflects the actual revenue generated after accounting for returned goods, allowances, and discounts.
Let's assume the following:
Calculate the Net Sales:
\[ \text{net sales} = 20,000 - (1,000 + 300 + 500) = 18,200 \]
Therefore, the Net Sales is $18,200.