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English definition of “net sales”

net sales

noun [plural]
 
 
ACCOUNTING, FINANCE
the total value of a company's sales after amounts for costs such as returned, damaged, or missing goods, and any price reductions, taxes, etc. have been subtracted: The company believes that its net sales for the next several quarters will be below prior year period levels. →  Compare gross sales , net revenue
(Definition of net sales from the Cambridge Business English Dictionary © Cambridge University Press)
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