Net Sales Definition

Net sales are the difference between gross (total) sales and returns, allowances, and discounts.

Net Sales Extended Definition
Net sales represent sales after price reductions, price adjustments, and refunds have been deducted from the total sales made.

This figure can be used for reporting on financial statements and understanding a company’s revenue during a specific period of time.

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How to Find Net Sales: Formula and Examples

Last Updated By

Christan Neff | Apr 17, 2023

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