FAQs & Troubleshooting

How is Gross Sales calculated?

By February 24, 2023No Comments

Question:

What is Gross Sales, and why is it important?

Answer:

The formula to calculate gross sales is Total Units Sold x Original Sale Price = Gross Sales. A company’s gross sales are the total sales of all its products and services over a period of time. Known as top-line sales, the number represents a business’s total revenue without deductions, returns, or allowances.

Gross Sales can be calculated using the formula:

Gross Sales = Total Sales – Discounts – Returns.

Steve Ngo

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