Net Sales: Definition & Formula

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is net sales?

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1. What is the Net Sales Formula?

2. What variables affect net sales?

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About This Quiz & Worksheet

Taking a look at why a business should be more concerned over these numbers, this quiz and corresponding worksheet will help you gauge your knowledge of net sales. Topics you'll need to know to pass the quiz include understanding what net sales are as well as what the formula is for net sales.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to test your knowledge of the following:

  • What net sales are and why they're important
  • Formula for net sales and the variables that affect them
  • Definition of gross sales

Skills Practiced

  • Interpreting information - verify you can read information regarding the importance of net sales and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the formula for net sales
  • Distinguishing Differences - compare and contrast topics from the lesson, such as gross sales and net sales

Additional Learning

To learn more about why gross sales don't paint the whole picture, review the corresponding lesson on Net Sales: Definition & Formula. This lesson will help you:

  • Understand what net sales are
  • Describe the difference between net and gross sales
  • Identify why a company should focus its attention on net sales
  • Explain how net sales is calculated
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