net sales Meaning of "net sales"

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Definition(s):

  • (n) gross sales reduced by customer discounts, returns, freight out, and allowances

Usage(s):

  1. Broad explanation was that while Standard Brands net sales were holding up fairly well, the profit margin was growing narrower and narrower.
  2. In 1928, net sales were $64,004,366; net income $19,820,668.
  3. For this fiscal year, Tiffany predicts at least a 10% growth in worldwide net sales.
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incendiary
/ɪn ˈsɛn di ɛ ri /