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How much is the company net sales

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Problem 1: Happy Selling's Sales amounted to Php 500,000. Sales returns and sales  discounts amounted to Php 30,000 and Php 10,000 respectively. Purchases of the company totaled Php 100,000 while purchase returns and purchase discounts amounted to Php 20,000 and Php 10,000 respectively. How much is the company's Net Sales? Net Purchases?

Reference no: EM132703347

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