A business had gross sales of $275,000 for a six-month period. During that period, the business had sales returns and allowances totaling $12,750 and new purchases of $138,000. What were the business's net sales?

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A business had gross sales of $275,000 for a six-month period. During that period, the business had sales returns and allowances totaling $12,750 and new purchases of $138,000. What were the business's net sales?






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