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In 1642, at the age of eighteen, French mathematician Blaise Pascal built the first automatic mechanical calculator that could add and subtract, called the Pascaline ...
Net credit sales are those sales made on credit deducting sales returns and allowances. To calculate net credit sales you deduct sales returns and sales allowances ...
To calculate profit on return, subtract the buying price from the selling price. The result should be the profit made. Take the value of the profit made and divide ...