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During 2 0 2 4 , its first year of operations, Hollis Industries recorded sales of $ 1 1 , 4 0 0 , 0

During

2024,

its first year of operations, Hollis Industries recorded sales of $

11, 400, 000

and experienced returns of $

910, 000 .

Cost of goods sold totaled $

8, 550, 000 (75 %

of sales

) .

The company estimates that

9 %

of all sales will be returned. How much net revenue will Hollis Industries report at the end of its first year of operations?

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