Net sales for a merchandiser is calculated as: gross sales − sales returns and allowances − sales discounts gross sales − cost of goods sold net sales − sales returns and allowances − sales discounts gross sales − merchandise inventory gross sales − sales returns and allowances − sales discounts gross sales − cost of goods sold net sales − sales returns and allowances − sales discounts gross sales − merchandise inventory
Net sales for a merchandiser is calculated as:gross sales − sales returns and allowances − sales
discounts
gross sales − cost of goods sold
net sales − sales returns and allowances − sales discounts
gross sales − merchandise inventory
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