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net sales

   Also found in: Dictionary/thesaurus, Wikipedia 0.07 sec.
Net Sales
The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight out, and any cash discounts allowed.

Net sales
Gross sales less returns and allowances, freight out, and cash discounts allowed.
net sales
Gross sales for a period after cash discounts, returns, and freight expenses have been deducted. Compare gross sales.
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