During October, the markdowns for a department were $13,650, or 32% for the month. $42,656.25 the net sales during the month.
Net income is the whole amount of revenue an enterprise generates from income after accounting for reductions, patron returns, and other deductions. it's one of the top-line metrics you'll see at the profits assertion of product-based totally businesses, and it's normally measured over weekly, month-to-month, or annual accounting intervals.
using the overall range of sales, you can subtract all different deductions, consisting of discounts, returns, and allowances. for example, in case you had a gross income of $one hundred,000 minus $2,000 in income reductions, $1,000 in income allowances, and $1,000 in income returns, your internet income is $ ninety-six,000. net income is your total income sales much less returns, allowances and reductions. net income is your profits. It equals your net income after subtracting all costs and including any non-income revenue.
Learn more about net sales here: https://brainly.com/question/28020216
#SPJ4
