Net Sales
Type: noun
Pronunciation: /net-saylz/
Also spelled or known as: Net Revenue from Sales
Related: Gross Sales, Net Receipts
What does Net Sales mean? Total sales revenue remaining after deducting returns, refunds, discounts, rebates, taxes, and other agreed adjustments.
Net sales are frequently used as the basis for calculating royalties, commissions, profit participation, and financial reporting.
Net Sales synonyms: Net Revenue from Sales, Adjusted Sales Revenue, Sales Net of Deductions
Example sentence: “Royalties were calculated based on quarterly net sales.”
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