Legal Definitions - net sale

Definition: Net sale refers to the amount of money left over from a sale after deducting returns, allowances, rebates, discounts, and other expenses.

Example: If a company sells $100 worth of products but has to give $10 in refunds and $5 in discounts, the net sale would be $85.

Explanation: This example illustrates how net sale is calculated by subtracting any returns, allowances, rebates, discounts, and other expenses from the total sale amount. In this case, the net sale is $85 because $10 in refunds and $5 in discounts were deducted from the original sale amount of $100.