Net Sales

[Jessica]

Net sales are the result of gross sales minus returns, allowances, and discounts. They are a factor in gross profit but do not include costs of goods sold.

[Greta]

Gross sales minus adjustments and returns. The final figure.

[Tina]

the total value of a companys sales after amounts for costs such as returned, damaged, or missing goods, and any price reductions, taxes, etc. have been subtracted: