Answer:
The net sales for last month were $19,525.
Step-by-step explanation:
Given:
Last month sales were $24,000.
Discounts is $3,500 and $975 in returns.
Now, to get the net sales for last month.
So, we deduct the discount:
Sales - discounts = [tex]\$24,000 - \$3,500 =\$20,500.[/tex]
Then, we deduct the returns from the remaining amount:
Sales after discounts - returns = [tex]\$20,500 - \$975[/tex]
= [tex]\$19,525.[/tex]
Therefore, the net sales for last month were $19,525.
