Answer :
The total net sales for the first month of your business selling art supplies and lessons amount to $8,400.
To calculate the total net sales, we need to subtract the discounts and returns from the total sales.
Total sales:
$4,000 (paint) + $2,000 (brushes) + $1,500 (easels) + $1,750 (canvas) = $9,250
Discounts: $600
Returns: $250
Total net sales = Total sales - Discounts - Returns
= $9,250 - $600 - $250
= $8,400
Therefore, the total net sales for the first month of your business selling art supplies and lessons amount to $8,400.
Net sales represent the revenue generated after accounting for discounts and returns, providing a more accurate measure of the actual sales received. It reflects the amount of revenue the business effectively earned from its products and services during the given period. By calculating the net sales, you can assess the true performance and profitability of your business without the impact of discounts or returns. Monitoring and analyzing net sales over time can help you make informed decisions regarding pricing strategies, promotions, and customer satisfaction to ensure sustainable growth and success in your art supplies and lessons business.
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