Examlex
Solve using the addition and multiplication principles.
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Net Sales
The net sales income after taking away returns, credits for damaged or lost goods, and discounts.
Gross Margin
The difference between sales revenue and the cost of goods sold, indicating the profit margin before accounting for overheads, salaries, and other expenses.
Cost
The amount of money or resources expended to obtain, produce, or maintain an object or service.
Sales
The revenue a company earns from selling goods or services.
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