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meena2601
Oct 8, 2009, 02:22 PM
What is the formula to findig out the net cost of purchase

morgaine300
Oct 9, 2009, 11:35 PM
Depends on what they mean by the "net cost." The entire purchase equation is:

Purchases
less Discounts
less Returns
Sub-total
plus Freight In
Total

Don't know if they're meaning the sub-total or the total. Personally, I'd think that would be the total, i.e. the entire cost of the purchases that includes freight.