Problem

Gross sales total $250,000, one-half of which were credit sales. Sales returns and allowan...

Gross sales total $250,000, one-half of which were credit sales. Sales returns and allowances of $15,000 apply to the credit sales, sales discounts of 2% were taken on all of the net credit sales, and credit card sales of $ 100,000 were subject to a credit card discount of 3%. What is the dollar amount of net sales?

a. $227,000

b. $229,800

c. $250,000

d. $240,000

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