How to Calculate Net Sales NET Credit Sale Formula

Although many people confuse both terms together, net sales and gross profit aren’t the same. Gross profits are the amount of money your company makes after deducting the costs of production and selling your products from your net sales. Sales discounts are applied by business owners to boost their sales for a limited period of time. They’re a famous marketing strategy that the entire world lives by. For instance, on the Friday after Thanksgiving, also known as Black Friday, multiple businesses around the globe offer discounted prices to get more…