joe harrold Posts: 1, Reputation: 1 New Member #1 Feb 16, 2010, 03:26 PM
When calculating cost of sales percent do you use sales before discounts or after?
When calculating cost of sales on a financial statement do you use sales before discounts of after discounts?
 morgaine300 Posts: 6,561, Reputation: 276 Uber Member #2 Feb 19, 2010, 05:22 PM

After. You're looking at net sales, not gross sales. Any discounts and returns would have to come out first.

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