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-   -   When calculating cost of sales percent do you use sales before discounts or after? (https://www.askmehelpdesk.com/showthread.php?t=447901)

  • Feb 16, 2010, 03:26 PM
    joe harrold
    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?
  • Feb 19, 2010, 05:22 PM
    morgaine300

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

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