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Cash sales are $50,000. Credit Card sales are $100,000. The card charges us a 2% fees. Business to business sales are $200,000 on account with
Cash sales are $50,000. Credit Card sales are $100,000. The card charges us a 2% fees. Business to business sales are $200,000 on account with terms 3/10, N45. Returns from the cash sales are $5,000. All the business sales pay us in 6 days. What is gross sales and what is net sales?
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