Definition: "Net sales" is a financial term that refers to the total amount of money a company makes from selling its products, after subtracting certain costs. These costs can include discounts given to customers, any products that were returned, shipping costs (freight out), and any allowances or adjustments made.
In different contexts, "net" can refer to the final amount after all deductions. For example: - Net Income: The total income of a person or business after all expenses have been deducted.
While "net sales" does not have specific idioms or phrasal verbs associated with it, here are some related expressions: - "Break even": To have no profit or loss, often used when discussing sales. - "Turnover": A term used in some regions to refer to the total sales of a business, which can be similar to gross sales.
Understanding "net sales" is crucial for anyone interested in business or finance.