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Net sales is calculated by: 1. Subtracting cost of sales from sales. 2. Subtracting sales returns and sales discounts from sales. 3. Subtracting sales returns,

Net sales is calculated by: 1. Subtracting cost of sales from sales. 2. Subtracting sales returns and sales discounts from sales. 3. Subtracting sales returns, cost of sales, and sales discounts from sales. 4. Subtracting gross profit from sales.

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